Measured Wealth Private Client Group LLC Has $706,000 Position in FS KKR Capital Corp. (NYSE:FSK)

Measured Wealth Private Client Group LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 8.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,353 shares of the company’s stock after buying an additional 2,757 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in FS KKR Capital were worth $706,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in FS KKR Capital by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock worth $1,901,000 after buying an additional 570 shares during the last quarter. Beacon Financial Advisory LLC boosted its position in shares of FS KKR Capital by 1.0% during the third quarter. Beacon Financial Advisory LLC now owns 60,278 shares of the company’s stock worth $1,187,000 after purchasing an additional 572 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of 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 during the period. IFG Advisory LLC increased its position in shares of 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, Envestnet Asset Management Inc. raised its stake in FS KKR Capital by 0.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 225,618 shares of the company’s stock worth $4,442,000 after buying an additional 764 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FSK shares. Royal Bank of Canada lowered their price target on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price target 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 downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Truist Financial dropped their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, February 28th. Finally, Hovde Group reiterated a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.17.

FS KKR Capital Stock Up 0.6 %

Shares of NYSE FSK traded up $0.12 during mid-day trading on Friday, hitting $19.22. The company had a trading volume of 867,946 shares, compared to its average volume of 1,146,720. FS KKR Capital Corp. has a one year low of $17.50 and a one year high of $20.99. The company has a market capitalization of $5.38 billion, a PE ratio of 7.72 and a beta of 1.23. 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 firm has a 50-day simple moving average of $19.02 and a two-hundred day simple moving average of $19.65.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations 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 business posted $0.81 EPS. On average, equities analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.32%. FS KKR Capital’s payout ratio is 102.81%.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of the stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the transaction, the insider now directly owns 39,800 shares in the company, valued at $745,454. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.

FS KKR Capital Company 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.