FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Petix & Botte Co

Petix & Botte Co decreased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,756 shares of the company’s stock after selling 3,255 shares during the period. Petix & Botte Co’s holdings in FS KKR Capital were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FSK. Planned Solutions Inc. acquired a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $40,000. Provence Wealth Management Group acquired a new stake in shares of FS KKR Capital during the 3rd quarter worth approximately $45,000. Citigroup Inc. increased its holdings in shares of FS KKR Capital by 587.2% during the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after buying an additional 2,114 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings 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 last quarter. Finally, Fortis Group Advisors LLC acquired a new stake in shares of FS KKR Capital during the 3rd quarter worth approximately $69,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FSK. 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. Wells Fargo & Company increased 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. 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. Royal Bank of Canada lowered 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. Finally, 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. 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 stock has a consensus rating of “Hold” and an average target price of $20.17.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 7,300 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $18.73 per share, with a total value of $136,729.00. Following the transaction, the insider now owns 39,800 shares in the company, valued at $745,454. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.22% of the company’s stock.

FS KKR Capital Stock Up 1.0 %

FSK stock traded up $0.20 during midday trading on Monday, hitting $19.42. The company’s stock had a trading volume of 1,490,325 shares, compared to its average volume of 1,646,826. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99. The firm has a market capitalization of $5.44 billion, a P/E ratio of 7.80 and a beta of 1.23. The firm has a 50-day simple moving average of $19.00 and a 200-day simple moving average of $19.66.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. 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 company posted $0.81 EPS. As a group, equities analysts forecast that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were given a dividend of $0.64 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 annualized dividend and a dividend yield of 13.18%. 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.