SeaCrest Wealth Management LLC Purchases 27,646 Shares of FS KKR Capital Corp. (NYSE:FSK)

SeaCrest Wealth Management LLC grew its position in FS KKR Capital Corp. (NYSE:FSK) by 80.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,122 shares of the company’s stock after buying an additional 27,646 shares during the period. SeaCrest Wealth Management LLC’s holdings in FS KKR Capital were worth $1,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Center for Financial Planning Inc. raised its holdings in 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 worth $39,000 after buying an additional 1,179 shares during the period. Planned Solutions Inc. bought a new stake in FS KKR Capital in the 4th quarter valued at $40,000. Worth Asset Management LLC acquired a new position in FS KKR Capital in the 1st quarter worth $43,000. Retirement Group LLC bought a new position in FS KKR Capital during the 4th quarter worth about $39,000. Finally, Provence Wealth Management Group acquired a new stake in shares of FS KKR Capital in the 3rd quarter valued at about $45,000. 36.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 7,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $18.73 per share, with a total value of $136,729.00. Following the acquisition, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.22% of the company’s stock.

FS KKR Capital Stock Performance

NYSE:FSK traded up $0.12 on Thursday, hitting $19.07. The company’s stock had a trading volume of 1,434,750 shares, compared to its average volume of 1,800,441. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. FS KKR Capital Corp. has a one year low of $17.50 and a one year high of $20.99. The stock has a fifty day moving average of $19.61 and a two-hundred day moving average of $19.75. The firm has a market capitalization of $5.34 billion, a P/E ratio of 7.66 and a beta of 1.24.

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, meeting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The business had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. During the same quarter in the prior year, the business earned $0.81 EPS. Research analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th will be paid a $0.64 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a yield of 13.43%. FS KKR Capital’s dividend payout ratio (DPR) is currently 102.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FSK shares. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Wells Fargo & Company raised their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Hovde Group reiterated a “market perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, February 28th. Royal Bank of Canada reduced their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. Finally, Compass Point cut FS KKR Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.06.

About FS KKR Capital

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.