Gerber Kawasaki Wealth & Investment Management Acquires 83,643 Shares of FS KKR Capital Corp. (NYSE:FSK)

Gerber Kawasaki Wealth & Investment Management increased its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 61.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 220,827 shares of the company's stock after purchasing an additional 83,643 shares during the period. Gerber Kawasaki Wealth & Investment Management owned 0.08% of FS KKR Capital worth $4,796,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Aquatic Capital Management LLC purchased a new stake in FS KKR Capital during the 4th quarter worth about $1,708,000. Kovitz Investment Group Partners LLC purchased a new position in shares of FS KKR Capital during the fourth quarter worth about $217,000. Integrated Wealth Concepts LLC increased its position in shares of FS KKR Capital by 1.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 104,747 shares of the company's stock worth $2,275,000 after purchasing an additional 1,062 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in FS KKR Capital by 20.9% in the fourth quarter. Coppell Advisory Solutions LLC now owns 26,761 shares of the company's stock valued at $581,000 after purchasing an additional 4,625 shares in the last quarter. Finally, MGO One Seven LLC raised its stake in FS KKR Capital by 6.1% in the fourth quarter. MGO One Seven LLC now owns 455,731 shares of the company's stock valued at $9,898,000 after purchasing an additional 26,217 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.

Analyst Ratings Changes

FSK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Royal Bank of Canada raised their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.90.

FS KKR Capital Trading Down 0.8 %

Shares of NYSE FSK traded down $0.16 during mid-day trading on Tuesday, hitting $20.11. The stock had a trading volume of 1,112,072 shares, compared to its average volume of 1,488,303. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a 1 year low of $17.42 and a 1 year high of $24.10. The business has a 50 day moving average price of $20.90 and a two-hundred day moving average price of $21.44. The firm has a market cap of $5.63 billion, a P/E ratio of 10.70 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $407.00 million during the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.92%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's dividend payout ratio (DPR) is currently 122.49%.

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.