Cerity Partners LLC Purchases New Shares in FS KKR Capital Corp. (NYSE:FSK)

Cerity Partners LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,511 shares of the company’s stock, valued at approximately $230,000.

A number of other institutional investors also recently bought and sold shares of the stock. Atlantic Union Bankshares Corp bought a new position in shares of FS KKR Capital during the third quarter valued at approximately $236,000. SVB Wealth LLC grew its stake in shares of FS KKR Capital by 18.7% during the third quarter. SVB Wealth LLC now owns 12,447 shares of the company’s stock worth $245,000 after acquiring an additional 1,957 shares during the last quarter. Mission Wealth Management LP purchased a new stake in FS KKR Capital during the 3rd quarter worth approximately $274,000. Raymond James Financial Services Advisors Inc. increased its stake in FS KKR Capital by 29.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 180,227 shares of the company’s stock valued at $3,549,000 after purchasing an additional 40,741 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of FS KKR Capital by 8.2% in the third quarter. Stratos Wealth Partners LTD. now owns 198,419 shares of the company’s stock worth $3,907,000 after buying an additional 14,953 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak purchased 7,300 shares of FS KKR Capital stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $18.73 per share, with a total value of $136,729.00. Following the purchase, the insider now owns 39,800 shares of the company’s stock, valued at $745,454. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by insiders.

FS KKR Capital Stock Down 0.6 %

Shares of NYSE FSK opened at $19.22 on Tuesday. The company has a market capitalization of $5.38 billion, a P/E ratio of 7.72 and a beta of 1.25. 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 company has a 50 day simple moving average of $19.09 and a 200-day simple moving average of $19.67. FS KKR Capital Corp. has a 1 year low of $17.50 and a 1 year high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The company had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $452.39 million. During the same quarter last year, the firm earned $0.81 earnings per share. On average, equities research analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FSK shares. 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. Royal Bank of Canada lowered their target price on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. Wells Fargo & Company increased their price target on FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Hovde Group reaffirmed a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.