FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its position in FS KKR Capital Corp. (NYSE:FSK) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,463 shares of the company’s stock after acquiring an additional 982 shares during the quarter. Meridian Wealth Management LLC’s holdings in FS KKR Capital were worth $466,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FSK. McIlrath & Eck LLC raised its stake in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the last quarter. Jones Financial Companies Lllp raised its position in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after acquiring an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in FS KKR Capital in the fourth quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. raised its position in FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after acquiring an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at $69,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 0.6 %

FSK opened at $22.66 on Thursday. 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 firm has a market cap of $6.35 billion, a P/E ratio of 12.05 and a beta of 1.22. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $24.10. The business’s fifty day simple moving average is $22.66 and its 200 day simple moving average is $21.31.

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

FS KKR Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.36%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s payout ratio is 122.49%.

Analyst Ratings Changes

FSK has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Keefe, Bruyette & Woods upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Monday. Finally, B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.70.

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.