Apollon Wealth Management LLC Decreases Position in FS KKR Capital Corp. $FSK

Apollon Wealth Management LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 40.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,738 shares of the company’s stock after selling 67,043 shares during the quarter. Apollon Wealth Management LLC’s holdings in FS KKR Capital were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Beacon Capital Management Inc. purchased a new position in shares of FS KKR Capital in the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of FS KKR Capital in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC purchased a new position in shares of FS KKR Capital in the fourth quarter valued at about $28,000. Eastern Bank increased its position in shares of FS KKR Capital by 355.6% in the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 1,561 shares during the period. Finally, Strategic Advocates LLC purchased a new position in shares of FS KKR Capital in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $11.25 per share, with a total value of $56,250.00. Following the completion of the purchase, the insider directly owned 64,800 shares of the company’s stock, valued at approximately $729,000. The trade was a 8.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

FS KKR Capital Trading Up 2.3%

NYSE:FSK opened at $10.36 on Tuesday. FS KKR Capital Corp. has a one year low of $9.72 and a one year high of $22.68. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05. The company’s 50-day simple moving average is $11.37 and its 200 day simple moving average is $13.70. The firm has a market capitalization of $2.90 billion, a P/E ratio of 345.47 and a beta of 0.83.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.The business had revenue of $348.00 million for the quarter, compared to the consensus estimate of $361.59 million. During the same period in the previous year, the firm earned $0.66 EPS. As a group, analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s payout ratio is presently 6,000.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada decreased their price objective on shares of FS KKR Capital from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, April 6th. Weiss Ratings cut shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Zacks Research cut shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. decreased their price objective on shares of FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Finally, Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $13.07.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.