Strategic Financial Concepts LLC Invests $399,000 in FS KKR Capital Corp. (NYSE:FSK)

Strategic Financial Concepts LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,902 shares of the company’s stock, valued at approximately $399,000.

Several other large investors have also bought and sold shares of the business. PFG Investments LLC lifted its holdings in shares of FS KKR Capital by 379.1% in the first quarter. PFG Investments LLC now owns 67,823 shares of the company’s stock worth $1,293,000 after acquiring an additional 53,668 shares during the last quarter. GraniteShares Advisors LLC lifted its stake in FS KKR Capital by 14.6% in the 1st quarter. GraniteShares Advisors LLC now owns 84,161 shares of the company’s stock valued at $1,605,000 after purchasing an additional 10,710 shares during the last quarter. Norden Group LLC acquired a new stake in FS KKR Capital in the first quarter valued at approximately $1,362,000. SeaCrest Wealth Management LLC grew its stake in shares of FS KKR Capital by 47.6% during the first quarter. SeaCrest Wealth Management LLC now owns 91,708 shares of the company’s stock worth $1,749,000 after buying an additional 29,586 shares during the last quarter. Finally, Naviter Wealth LLC increased its holdings in shares of FS KKR Capital by 983.6% during the first quarter. Naviter Wealth LLC now owns 131,298 shares of the company’s stock worth $2,595,000 after buying an additional 119,181 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on FSK. Wells Fargo & Company boosted their price objective on 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. JPMorgan Chase & Co. upped their price objective on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada dropped 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 research note on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $21.50 to $19.50 in a research note on Tuesday, February 27th. Finally, Truist Financial cut their target price on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and a consensus price target of $20.17.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 7,300 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the acquisition, the insider now owns 39,800 shares of the company’s stock, valued at $745,454. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.

FS KKR Capital Trading Down 0.5 %

FSK traded down $0.09 during trading on Tuesday, reaching $19.13. 1,059,621 shares of the stock traded hands, compared to its average volume of 1,673,462. 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 stock’s 50-day moving average is $19.07 and its 200 day moving average is $19.66. FS KKR Capital Corp. has a 12 month low of $17.50 and a 12 month high of $20.99. The stock has a market capitalization of $5.36 billion, a PE ratio of 7.68 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $447.00 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.81 EPS. Equities analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were paid a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 annualized dividend and a dividend yield of 13.38%. FS KKR Capital’s dividend payout ratio is currently 102.81%.

About FS KKR Capital

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.