Onyx Bridge Wealth Group LLC Decreases Stake in FS KKR Capital Corp. (NYSE:FSK)

Onyx Bridge Wealth Group LLC lowered its stake in FS KKR Capital Corp. (NYSE:FSK) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,938 shares of the company’s stock after selling 3,269 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in FS KKR Capital were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FSK. Sfmg LLC raised its holdings in shares of FS KKR Capital by 1.4% during the fourth quarter. Sfmg LLC now owns 334,835 shares of the company’s stock worth $6,687,000 after purchasing an additional 4,472 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in shares of FS KKR Capital during the fourth quarter worth $1,039,000. Saxony Capital Management LLC purchased a new position in shares of FS KKR Capital during the fourth quarter worth $213,000. Ellis Investment Partners LLC raised its holdings in shares of FS KKR Capital by 2.7% during the fourth quarter. Ellis Investment Partners LLC now owns 255,446 shares of the company’s stock worth $5,101,000 after purchasing an additional 6,754 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of FS KKR Capital during the fourth quarter worth $89,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE FSK traded up $0.23 during trading on Friday, hitting $19.40. The company had a trading volume of 1,499,525 shares, compared to its average volume of 1,726,662. The stock has a fifty day simple moving average of $19.20 and a two-hundred day simple moving average of $19.66. FS KKR Capital Corp. has a fifty-two week low of $17.50 and a fifty-two week high of $20.99. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 7.74 and a beta of 1.25. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20.

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, meeting the consensus estimate of $0.75. The business 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. On average, research analysts expect that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm 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 annualized dividend and a dividend yield of 13.20%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is currently 102.81%.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on FSK shares. JPMorgan Chase & Co. raised 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 report on Friday, April 12th. Wells Fargo & Company raised their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday. Truist Financial dropped their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada dropped their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.17.

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.