Strategic Financial Concepts LLC Purchases New Position in FS KKR Capital Corp. (NYSE:FSK)

Strategic Financial Concepts LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,902 shares of the company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Center for Financial Planning Inc. raised its stake in shares of FS KKR Capital by 147.6% in the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock valued at $39,000 after acquiring an additional 1,179 shares during the last quarter. Mather Group LLC. bought a new position in FS KKR Capital in the 1st quarter valued at $39,000. Planned Solutions Inc. acquired a new position in FS KKR Capital in the fourth quarter worth $40,000. Provence Wealth Management Group bought a new stake in shares of FS KKR Capital during the third quarter worth $45,000. Finally, Citigroup Inc. grew its holdings in shares of FS KKR Capital by 587.2% during the third quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after purchasing an additional 2,114 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

Insider Buying and Selling

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

FS KKR Capital Trading Down 0.5 %

Shares of FS KKR Capital stock traded down $0.09 on Tuesday, hitting $19.13. 1,059,621 shares of the company’s stock traded hands, compared to its average volume of 1,673,462. FS KKR Capital Corp. has a one year low of $17.50 and a one year high of $20.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $5.36 billion, a PE ratio of 7.68 and a beta of 1.25. The firm’s 50-day moving average price is $19.07 and its two-hundred day moving average price is $19.66.

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

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.38%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is currently 102.81%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FSK shares. Keefe, Bruyette & Woods reduced 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, April 16th. Truist Financial decreased 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 note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada reduced their price objective on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. Finally, Compass Point cut FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their target price for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.17.

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.