SeaCrest Wealth Management LLC Grows Position in FS KKR Capital Corp. (NYSE:FSK)

SeaCrest Wealth Management LLC increased its position in FS KKR Capital Corp. (NYSE:FSK) by 80.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,122 shares of the company’s stock after purchasing an additional 27,646 shares during the period. SeaCrest Wealth Management LLC’s holdings in FS KKR Capital were worth $1,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSK. US Bancorp DE grew its position in shares of FS KKR Capital by 23.1% in the 1st quarter. US Bancorp DE now owns 7,993 shares of the company’s stock worth $182,000 after buying an additional 1,500 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of FS KKR Capital by 120.5% during the first quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock valued at $161,000 after purchasing an additional 3,861 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of FS KKR Capital by 4.9% during the first quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company’s stock valued at $2,181,000 after purchasing an additional 4,157 shares during the last quarter. Ergoteles LLC bought a new stake in shares of FS KKR Capital in the 1st quarter worth approximately $414,000. Finally, Symphony Financial Ltd. Co. grew its stake in shares of FS KKR Capital by 11.9% in the 1st quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock worth $718,000 after buying an additional 3,359 shares during the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on FSK. Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $21.50 to $19.50 in a report on Tuesday, February 27th. Truist Financial cut 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 research report on Wednesday, February 28th. Wells Fargo & Company lifted their target price on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Hovde Group reissued a “market perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and an average price target of $20.06.

Insider Transactions at FS KKR Capital

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

FS KKR Capital Stock Performance

NYSE FSK traded up $0.12 during trading hours on Thursday, hitting $19.07. 1,434,750 shares of the company’s stock traded hands, compared to its average volume of 1,800,441. FS KKR Capital Corp. has a 52 week low of $17.50 and a 52 week high of $20.99. The firm has a market capitalization of $5.34 billion, a P/E ratio of 7.66 and a beta of 1.24. 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 business’s fifty day moving average price is $19.61 and its two-hundred day moving average price is $19.75.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The firm had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. During the same quarter in the previous year, the firm 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 13.43%. The ex-dividend date is 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.