Delta Investment Management LLC Buys New Shares in FS KKR Capital Corp. (NYSE:FSK)

Delta Investment Management LLC purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,821 shares of the company’s stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FSK. Kovack Advisors Inc. raised its holdings in shares of FS KKR Capital by 67.8% in the 4th quarter. Kovack Advisors Inc. now owns 142,125 shares of the company’s stock valued at $2,838,000 after purchasing an additional 57,440 shares during the period. Atria Wealth Solutions Inc. raised its stake in FS KKR Capital by 2.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 161,783 shares of the company’s stock valued at $3,276,000 after buying an additional 4,082 shares during the period. Fountainhead AM LLC lifted its position in shares of FS KKR Capital by 8.2% in the fourth quarter. Fountainhead AM LLC now owns 633,998 shares of the company’s stock valued at $12,661,000 after buying an additional 48,165 shares during the last quarter. Significant Wealth Partners LLC acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $297,000. Finally, abrdn plc boosted its stake in shares of FS KKR Capital by 40.9% during the 4th quarter. abrdn plc now owns 109,107 shares of the company’s stock worth $2,179,000 after acquiring an additional 31,665 shares during the period. 36.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 7,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost 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 of the company’s stock, valued at $745,454. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FSK shares. Royal Bank of Canada reduced their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods decreased 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 note on Tuesday, April 16th. Wells Fargo & Company raised their price objective on shares of 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. Truist Financial reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Finally, Compass Point cut FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $21.50 to $19.50 in a report on Tuesday, February 27th. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.17.

FS KKR Capital Stock Performance

FSK stock opened at $19.33 on Friday. The firm has a market cap of $5.41 billion, a PE ratio of 7.76 and a beta of 1.25. 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 stock has a 50-day moving average price of $19.11 and a 200-day moving average price 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 released its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $447.00 million during 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 in the previous year, the business posted $0.81 EPS. As a group, equities 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 13.24%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is currently 102.81%.

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.