Naviter Wealth LLC Has $1.51 Million Stake in FS KKR Capital Corp. $FSK

Naviter Wealth LLC trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 39.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,031 shares of the company’s stock after selling 66,969 shares during the period. Naviter Wealth LLC’s holdings in FS KKR Capital were worth $1,511,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CCLA Investment Management increased its holdings in FS KKR Capital by 5.6% during the 3rd quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock valued at $25,435,000 after purchasing an additional 90,167 shares in the last quarter. Bulldog Investors LLP acquired a new stake in FS KKR Capital during the 3rd quarter valued at $3,600,000. Geneos Wealth Management Inc. increased its holdings in FS KKR Capital by 58.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 559,345 shares of the company’s stock valued at $11,606,000 after purchasing an additional 205,823 shares in the last quarter. AA Financial Advisors LLC increased its stake in shares of FS KKR Capital by 24.9% in the 3rd quarter. AA Financial Advisors LLC now owns 185,859 shares of the company’s stock valued at $2,775,000 after buying an additional 37,001 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of FS KKR Capital by 291.1% in the 2nd quarter. Corient Private Wealth LLC now owns 48,324 shares of the company’s stock valued at $1,003,000 after buying an additional 35,968 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the transaction, the insider directly owned 64,800 shares of the company’s stock, valued at approximately $729,000. This trade represents a 8.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.25% of the stock is owned by corporate insiders.

FS KKR Capital Stock Down 1.7%

NYSE FSK opened at $10.55 on Wednesday. The stock has a fifty day moving average of $11.65 and a 200-day moving average of $13.84. The stock has a market capitalization of $2.95 billion, a P/E ratio of 351.50 and a beta of 0.83. FS KKR Capital Corp. has a 52 week low of $9.72 and a 52 week high of $22.68. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (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 company had revenue of $348.00 million during the quarter, compared to the consensus estimate of $361.59 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 18th were given a $0.03 dividend. This represents a dividend yield of 118.0%. The ex-dividend date was Wednesday, March 18th. FS KKR Capital’s dividend payout ratio (DPR) is currently 6,000.00%.

Analyst Ratings Changes

Several research firms have recently commented on FSK. Royal Bank Of Canada lowered their target price on FS KKR Capital from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Monday. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Zacks Research cut FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Truist Financial lowered their target price on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. Finally, Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating for the company in a research note on Monday, March 2nd. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average 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.