Prosperity Wealth Management Inc. Takes $554,000 Position in FS KKR Capital Corp. (NYSE:FSK)

Prosperity Wealth Management Inc. acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,491 shares of the company’s stock, valued at approximately $554,000.

Several other hedge funds also recently modified their holdings of the stock. Endowment Wealth Management Inc. grew its holdings in shares of FS KKR Capital by 0.6% in the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock valued at $1,977,000 after acquiring an additional 582 shares in the last quarter. Inspire Advisors LLC grew its holdings in FS KKR Capital by 28.6% during the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock worth $2,387,000 after purchasing an additional 24,443 shares during the period. Kendall Capital Management grew its holdings in FS KKR Capital by 2.3% during the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock worth $497,000 after purchasing an additional 517 shares during the period. Intellectus Partners LLC grew its holdings in FS KKR Capital by 7.5% during the fourth quarter. Intellectus Partners LLC now owns 93,953 shares of the company’s stock worth $2,041,000 after purchasing an additional 6,519 shares during the period. Finally, Larson Financial Group LLC grew its holdings in FS KKR Capital by 21.3% during the fourth quarter. Larson Financial Group LLC now owns 123,416 shares of the company’s stock worth $2,681,000 after purchasing an additional 21,650 shares during the period. Institutional investors own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FSK. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, FS KKR Capital presently has an average rating of “Hold” and an average price target of $21.70.

FS KKR Capital Trading Down 4.2 %

Shares of NYSE:FSK opened at $21.72 on Wednesday. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $24.10. The stock has a market cap of $6.08 billion, a PE ratio of 11.55 and a beta of 1.22. The business has a 50 day moving average of $22.71 and a 200-day moving average of $21.40. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. As a group, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 12.89%. FS KKR Capital’s dividend payout ratio 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.