Ellis Investment Partners LLC Purchases 6,754 Shares of FS KKR Capital Corp. (NYSE:FSK)

Ellis Investment Partners LLC raised its position in FS KKR Capital Corp. (NYSE:FSKFree Report) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 255,446 shares of the company’s stock after buying an additional 6,754 shares during the quarter. FS KKR Capital accounts for 1.2% of Ellis Investment Partners LLC’s holdings, making the stock its 18th largest position. Ellis Investment Partners LLC’s holdings in FS KKR Capital were worth $5,101,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FSK. US Bancorp DE lifted its holdings in shares of FS KKR Capital by 23.1% during the 1st quarter. US Bancorp DE now owns 7,993 shares of the company’s stock worth $182,000 after acquiring an additional 1,500 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of FS KKR Capital by 120.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock worth $161,000 after acquiring an additional 3,861 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of FS KKR Capital by 4.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company’s stock worth $2,181,000 after acquiring an additional 4,157 shares during the last quarter. Ergoteles LLC bought a new stake in shares of FS KKR Capital during the 1st quarter worth $414,000. Finally, Symphony Financial Ltd. Co. lifted its holdings in shares of FS KKR Capital by 11.9% during the 1st quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock worth $718,000 after acquiring an additional 3,359 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 7,300 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the transaction, the insider now directly owns 39,800 shares of the company’s stock, valued at $745,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.

FS KKR Capital Trading Down 1.6 %

Shares of FSK stock traded down $0.31 during mid-day trading on Friday, reaching $19.02. The stock had a trading volume of 1,244,861 shares, compared to its average volume of 1,756,070. The stock’s 50-day moving average price is $19.32 and its two-hundred day moving average price is $19.69. FS KKR Capital Corp. has a 52-week low of $17.50 and a 52-week high of $20.99. The firm has a market capitalization of $5.33 billion, a PE ratio of 7.63 and a beta of 1.25. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20.

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. 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 quarter in the previous year, the company earned $0.81 earnings per share. Equities analysts expect that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.46%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s payout ratio is 102.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FSK shares. Hovde Group reiterated a “market perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, February 28th. Truist Financial decreased their target price 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. Royal Bank of Canada decreased their target price on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their target price on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wells Fargo & Company lifted their target price on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average target price of $20.19.

Check Out Our Latest Stock Analysis on FSK

About FS KKR Capital

(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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Want to see what other hedge funds are holding FSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS KKR Capital Corp. (NYSE:FSKFree Report).

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

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