Perigon Wealth Management LLC Sells 750 Shares of FS KKR Capital Corp. (NYSE:FSK)

Perigon Wealth Management LLC lowered its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,316 shares of the company’s stock after selling 750 shares during the quarter. Perigon Wealth Management LLC’s holdings in FS KKR Capital were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of FS KKR Capital by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock worth $1,901,000 after purchasing an additional 570 shares during the period. Beacon Financial Advisory LLC grew its stake in FS KKR Capital by 1.0% in the 3rd quarter. Beacon Financial Advisory LLC now owns 60,278 shares of the company’s stock valued at $1,187,000 after buying an additional 572 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in FS KKR Capital by 20.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock valued at $66,000 after buying an additional 575 shares in the last quarter. IFG Advisory LLC grew its stake in FS KKR Capital by 0.7% in the 4th quarter. IFG Advisory LLC now owns 88,292 shares of the company’s stock valued at $1,763,000 after buying an additional 633 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in FS KKR Capital by 0.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 205,862 shares of the company’s stock valued at $3,489,000 after buying an additional 641 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel Pietrzak bought 7,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought 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 of the company’s stock, valued at $745,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial reduced 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 research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Wells Fargo & Company lifted their price objective on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Hovde Group restated a “market perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.17.

FS KKR Capital Stock Up 1.0 %

FSK opened at $19.04 on Thursday. The company has a fifty day moving average price of $19.24 and a 200-day moving average price of $19.67. The firm has a market capitalization of $5.33 billion, a P/E ratio of 7.65 and a beta of 1.25. 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.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (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 company had revenue of $447.00 million during the quarter, compared to analyst estimates of $452.39 million. During the same period in the previous year, the business earned $0.81 earnings per share. Equities research 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 business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were given a $0.64 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 annualized dividend and a yield of 13.45%. FS KKR Capital’s dividend payout ratio (DPR) is presently 102.81%.

FS KKR Capital Profile

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.