Cedar Brook Financial Partners LLC Buys Shares of 10,472 FS KKR Capital Corp. (NYSE:FSK)

Cedar Brook Financial Partners LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSKFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,472 shares of the company’s stock, valued at approximately $215,000.

Several other large investors also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. increased its stake in shares of FS KKR Capital by 147.6% in the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after acquiring an additional 1,179 shares during the last quarter. Retirement Group LLC acquired a new position in shares of FS KKR Capital in the fourth quarter worth $39,000. Worth Asset Management LLC bought a new stake in FS KKR Capital in the first quarter worth $43,000. Provence Wealth Management Group bought a new stake in FS KKR Capital in the third quarter worth $45,000. Finally, Citigroup Inc. boosted its holdings in FS KKR Capital by 587.2% in the third quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after purchasing an additional 2,114 shares in the last quarter. 33.42% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $18.62 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $19.74 and its two-hundred day moving average is $19.79. The company has a market cap of $5.21 billion, a P/E ratio of 7.48 and a beta of 1.24. FS KKR Capital Corp. has a 12 month low of $17.50 and a 12 month high of $20.99.

FS KKR Capital (NYSE:FSKGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same period in the previous year, the business posted $0.81 earnings per share. On average, equities analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.75%. The ex-dividend date of this dividend is Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is presently 102.81%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FSK shares. JPMorgan Chase & Co. decreased their price objective on shares of FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada decreased their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Truist Financial decreased their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $21.50 to $19.50 in a report on Tuesday, February 27th. Finally, Wells Fargo & Company upped their price objective on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.06.

Get Our Latest Stock Report on FS KKR Capital

Insider Activity

In other news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the transaction, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is currently owned by company insiders.

FS KKR Capital Profile

(Free Report)

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.

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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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