Maridea Wealth Management LLC Takes $284,000 Position in FS KKR Capital Corp. (NYSE:FSK)

Maridea Wealth Management LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,076 shares of the company's stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cerity Partners LLC boosted its position in FS KKR Capital by 159.2% during the 3rd quarter. Cerity Partners LLC now owns 31,076 shares of the company's stock valued at $613,000 after acquiring an additional 19,087 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of FS KKR Capital by 384.5% during the 3rd quarter. Quantbot Technologies LP now owns 49,470 shares of the company's stock worth $976,000 after purchasing an additional 39,259 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in FS KKR Capital by 5.1% during the third quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company's stock valued at $14,913,000 after purchasing an additional 36,461 shares in the last quarter. Benjamin Edwards Inc. grew its stake in FS KKR Capital by 62.0% in the third quarter. Benjamin Edwards Inc. now owns 10,566 shares of the company's stock valued at $208,000 after purchasing an additional 4,043 shares during the last quarter. Finally, Investmark Advisory Group LLC raised its holdings in FS KKR Capital by 4.4% in the third quarter. Investmark Advisory Group LLC now owns 109,874 shares of the company's stock worth $2,168,000 after purchasing an additional 4,681 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

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FS KKR Capital Stock Performance

Shares of FSK traded down $0.06 during trading hours on Wednesday, reaching $21.30. 2,202,270 shares of the company traded hands, compared to its average volume of 1,396,506. The stock has a market capitalization of $5.97 billion, a P/E ratio of 11.33 and a beta of 1.22. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The business has a fifty day moving average price of $22.49 and a 200-day moving average price of $21.51. FS KKR Capital Corp. has a 12-month low of $18.53 and a 12-month high of $24.10.

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

FS KKR Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.15%. FS KKR Capital's payout ratio is 122.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FSK. B. Riley cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target on the stock. in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company cut FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $21.00 to $19.00 in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $21.30.

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.