Cerity Partners LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Cerity Partners LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, HoldingsChannel.com reports. The fund bought 11,511 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds have also made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in FS KKR Capital in the 3rd quarter valued at $236,000. SVB Wealth LLC lifted its stake in shares of FS KKR Capital by 18.7% during the third quarter. SVB Wealth LLC now owns 12,447 shares of the company’s stock worth $245,000 after purchasing an additional 1,957 shares in the last quarter. Mission Wealth Management LP purchased a new stake in shares of FS KKR Capital in the third quarter worth about $274,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of FS KKR Capital by 29.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 180,227 shares of the company’s stock valued at $3,549,000 after buying an additional 40,741 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of FS KKR Capital by 8.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 198,419 shares of the company’s stock valued at $3,907,000 after buying an additional 14,953 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was 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 of the company’s stock, valued at $745,454. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods decreased their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Compass Point cut 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 note on Tuesday, February 27th. Hovde Group reaffirmed a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Finally, Truist Financial lowered their price target on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and a consensus price target of $20.17.

FS KKR Capital Trading Down 0.6 %

Shares of NYSE FSK opened at $19.22 on Tuesday. FS KKR Capital Corp. has a 12-month low of $17.50 and a 12-month high of $20.99. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 7.72 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. The stock’s 50 day simple moving average is $19.09 and its 200 day simple moving average is $19.67.

FS KKR Capital (NYSE:FSK) last announced its quarterly 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 net margin of 38.03% and a return on equity of 12.56%. During the same quarter last year, the business earned $0.81 earnings per share. Equities research analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.32%. The ex-dividend date was Tuesday, March 12th. 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.