Flagship Private Wealth LLC Has $997,000 Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Flagship Private Wealth LLC lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSKFree Report) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 49,921 shares of the company’s stock after selling 1,033 shares during the period. Flagship Private Wealth LLC’s holdings in FS KKR Capital were worth $997,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. GP Brinson Investments LLC grew its holdings in shares of FS KKR Capital by 78.4% in the 4th quarter. GP Brinson Investments LLC now owns 517,707 shares of the company’s stock valued at $10,339,000 after buying an additional 227,573 shares during the period. Alpine Global Management LLC acquired a new position in shares of FS KKR Capital in the 3rd quarter valued at $2,397,000. Integrated Wealth Concepts LLC grew its holdings in shares of FS KKR Capital by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,985 shares of the company’s stock valued at $1,476,000 after buying an additional 2,627 shares during the period. LPL Financial LLC grew its holdings in shares of FS KKR Capital by 2.3% in the 3rd quarter. LPL Financial LLC now owns 2,997,068 shares of the company’s stock valued at $59,012,000 after buying an additional 66,636 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of FS KKR Capital by 19.1% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 157,701 shares of the company’s stock valued at $3,148,000 after buying an additional 25,243 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.6 %

Shares of NYSE:FSK opened at $18.81 on Wednesday. The company’s 50-day moving average price is $19.67 and its two-hundred day moving average price is $19.76. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. FS KKR Capital Corp. has a one year low of $17.50 and a one year high of $20.99. The stock has a market capitalization of $5.27 billion, a PE ratio of 7.55 and a beta of 1.24.

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

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.61%. FS KKR Capital’s payout ratio is 102.81%.

Wall Street Analysts Forecast Growth

FSK has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target 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. Hovde Group reaffirmed a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, February 28th. JPMorgan Chase & Co. cut their price objective on shares of FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and cut their price objective for the company from $21.50 to $19.50 in a research report on Tuesday, February 27th. Finally, Truist Financial cut their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, February 28th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.06.

View Our Latest Report on FS KKR Capital

Insider Activity

In other news, insider Daniel Pietrzak bought 7,300 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $18.73 per share, with a total value of $136,729.00. Following the acquisition, the insider now owns 39,800 shares in the company, valued at $745,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by insiders.

FS KKR Capital Company 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.

Further Reading

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

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