AlphaStar Capital Management LLC Has $448,000 Position in FS KKR Capital Corp. (NYSE:FSK)

AlphaStar Capital Management LLC grew its position in FS KKR Capital Corp. (NYSE:FSKFree Report) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,447 shares of the company’s stock after buying an additional 712 shares during the period. AlphaStar Capital Management LLC’s holdings in FS KKR Capital were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of FS KKR Capital by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock valued at $1,901,000 after buying an additional 570 shares in the last quarter. Raleigh Capital Management Inc. raised its position 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 in the last quarter. IFG Advisory LLC raised 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. Envestnet Asset Management Inc. raised its position in shares of FS KKR Capital by 0.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,618 shares of the company’s stock valued at $4,442,000 after buying an additional 764 shares in the last quarter. Finally, Acorn Wealth Advisors LLC raised its position in shares of FS KKR Capital by 2.1% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 40,001 shares of the company’s stock valued at $788,000 after buying an additional 812 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.5 %

Shares of NYSE:FSK traded up $0.10 during trading on Monday, reaching $19.97. The stock had a trading volume of 1,250,301 shares, compared to its average volume of 1,633,180. The firm’s fifty day moving average is $19.07 and its 200 day moving average is $19.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 8.30 and a beta of 1.23.

FS KKR Capital (NYSE:FSKGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. The company had revenue of $447.00 million for the quarter, compared to analyst estimates of $452.39 million. During the same period in the prior year, the firm posted $0.81 EPS. As a group, equities analysts forecast that FS KKR Capital Corp. will post 2.82 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th will be paid a $0.70 dividend. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.02%. The ex-dividend date is Wednesday, June 12th. FS KKR Capital’s dividend payout ratio is currently 106.67%.

Insider Activity

In related news, insider Daniel Pietrzak bought 7,300 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the insider now directly owns 39,800 shares in the company, valued at $745,454. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FSK shares. Wells Fargo & Company boosted their target price 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 lowered their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. Truist Financial lowered their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, February 28th. Compass Point cut 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. Finally, Hovde Group reiterated a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.17.

View Our Latest Stock Report on FSK

FS KKR Capital Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS KKR Capital Corp. (NYSE:FSKFree Report).

Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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