Cwm LLC Has $4.13 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Cwm LLC decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 206,656 shares of the company’s stock after selling 24,122 shares during the quarter. Cwm LLC’s holdings in FS KKR Capital were worth $4,127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in shares of FS KKR Capital by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock worth $1,901,000 after buying an additional 570 shares during the period. Beacon Financial Advisory LLC grew its position in shares of FS KKR Capital by 1.0% during the 3rd quarter. Beacon Financial Advisory LLC now owns 60,278 shares of the company’s stock worth $1,187,000 after buying an additional 572 shares during the period. Raleigh Capital Management Inc. grew its position in shares of FS KKR Capital by 20.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after buying an additional 575 shares during the period. IFG Advisory LLC grew its position in 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 purchasing an additional 633 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in 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 purchasing an additional 764 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the purchase, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

FSK has been the subject of several research reports. Truist Financial reduced their price target 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. Wells Fargo & Company lifted 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. Royal Bank of Canada reduced their price target 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 reduced their price target 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. Finally, Hovde Group restated a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.17.

FS KKR Capital Stock Performance

NYSE FSK opened at $19.43 on Wednesday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 7.80 and a beta of 1.25. 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 business’s fifty day moving average is $19.16 and its 200-day moving average is $19.67.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same period in the previous year, the business posted $0.81 EPS. Equities research analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders 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 dividend yield of 13.18%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s payout ratio is 102.81%.

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.