Unique Wealth Strategies LLC Invests $403,000 in FS KKR Capital Corp. (NYSE:FSK)

Unique Wealth Strategies LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,174 shares of the company’s stock, valued at approximately $403,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Center for Financial Planning Inc. boosted its position in shares of FS KKR Capital by 147.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock valued at $39,000 after acquiring an additional 1,179 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at about $40,000. Provence Wealth Management Group acquired a new stake in shares of FS KKR Capital during the 3rd quarter valued at about $45,000. Citigroup Inc. boosted its position 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 valued at $49,000 after acquiring an additional 2,114 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in FS KKR Capital by 20.8% in the third 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. Institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on FSK. 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 on the stock in a research report on Wednesday, February 28th. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. boosted their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Truist Financial reduced their price target 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. Finally, Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price target for the company from $21.50 to $19.50 in a research report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, FS KKR Capital has an average rating of “Hold” and a consensus price target of $20.17.

Insider Buying and Selling

In other news, insider Daniel Pietrzak bought 7,300 shares of the stock in a transaction on Wednesday, February 28th. The stock was purchased at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, the insider now owns 39,800 shares of the company’s stock, valued at $745,454. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.22% of the stock is currently owned by insiders.

FS KKR Capital Trading Up 0.5 %

Shares of FSK traded up $0.10 on Friday, reaching $19.33. 958,030 shares of the company’s stock were exchanged, compared to its average volume of 1,282,233. 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 market capitalization of $5.41 billion, a P/E ratio of 7.76 and a beta of 1.25. The business has a 50 day moving average price of $19.11 and a two-hundred day moving average price of $19.67. FS KKR Capital Corp. has a 12 month low of $17.50 and a 12 month high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.81 earnings per share. Research analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm 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 dividend yield of 13.24%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is 102.81%.

FS KKR Capital 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.