Transcend Capital Advisors LLC Purchases 237,171 Shares of FS KKR Capital Corp. (NYSE:FSK)

Transcend Capital Advisors LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 50.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 706,036 shares of the company’s stock after buying an additional 237,171 shares during the quarter. FS KKR Capital makes up approximately 1.3% of Transcend Capital Advisors LLC’s holdings, making the stock its 10th largest holding. Transcend Capital Advisors LLC’s holdings in FS KKR Capital were worth $14,100,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of FS KKR Capital by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock valued at $1,901,000 after purchasing an additional 570 shares during the period. Beacon Financial Advisory LLC lifted its stake in shares of FS KKR Capital by 1.0% in the 3rd quarter. Beacon Financial Advisory LLC now owns 60,278 shares of the company’s stock valued at $1,187,000 after purchasing an additional 572 shares during the period. Raleigh Capital Management Inc. lifted its stake in shares of FS KKR Capital by 20.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock valued at $66,000 after purchasing an additional 575 shares during the period. IFG Advisory LLC lifted its stake in shares of FS KKR Capital by 0.7% in the 4th quarter. IFG Advisory LLC now owns 88,292 shares of the company’s stock valued at $1,763,000 after purchasing an additional 633 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of FS KKR Capital by 0.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,618 shares of the company’s stock valued at $4,442,000 after purchasing an additional 764 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.5 %

FSK stock traded up $0.10 during trading hours on Friday, reaching $19.33. 958,030 shares of the stock were exchanged, compared to its average volume of 1,282,233. The firm’s 50-day moving average is $19.11 and its 200-day moving average is $19.67. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 7.76 and a beta of 1.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. FS KKR Capital Corp. has a 12 month low of $17.50 and a 12 month high of $20.99.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same quarter in the prior year, the company earned $0.81 EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 13.24%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s payout ratio is 102.81%.

Wall Street Analyst Weigh In

FSK has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Hovde Group restated a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, February 28th. Truist Financial lowered their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $21.50 to $19.50 in a research report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.17.

Insider Activity

In other news, insider Daniel Pietrzak bought 7,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the purchase, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is owned by corporate insiders.

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.