Apollon Wealth Management LLC Sells 72,967 Shares of FS KKR Capital Corp. $FSK

Apollon Wealth Management LLC cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 75.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,771 shares of the company’s stock after selling 72,967 shares during the quarter. Apollon Wealth Management LLC’s holdings in FS KKR Capital were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSK. Bison Wealth LLC increased its position in FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after purchasing an additional 720 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of FS KKR Capital by 2.5% during the fourth quarter. Kathmere Capital Management LLC now owns 37,305 shares of the company’s stock worth $552,000 after buying an additional 900 shares in the last quarter. Acorn Wealth Advisors LLC increased its holdings in shares of FS KKR Capital by 1.4% during the fourth quarter. Acorn Wealth Advisors LLC now owns 65,079 shares of the company’s stock worth $964,000 after buying an additional 914 shares in the last quarter. Delta Investment Management LLC lifted its stake in shares of FS KKR Capital by 4.6% in the 4th quarter. Delta Investment Management LLC now owns 24,086 shares of the company’s stock valued at $357,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC lifted its stake in shares of FS KKR Capital by 3.9% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 28,412 shares of the company’s stock valued at $421,000 after acquiring an additional 1,079 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FSK. Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 price objective on shares of FS KKR Capital in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods dropped their target price on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. JPMorgan Chase & Co. cut their price target on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a research note on Tuesday, June 2nd. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $10.58.

FS KKR Capital Stock Up 1.1%

FS KKR Capital stock opened at $10.44 on Wednesday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -5.30 and a beta of 0.82. FS KKR Capital Corp. has a 52-week low of $9.72 and a 52-week high of $22.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a 50 day moving average price of $10.72 and a two-hundred day moving average price of $11.84.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.The firm had revenue of $304.00 million for the quarter, compared to analyst estimates of $316.81 million. During the same quarter last year, the company earned $0.65 earnings per share. The company’s quarterly revenue was down 24.0% compared to the same quarter last year. Equities analysts predict that FS KKR Capital Corp. will post 1.64 EPS for the current year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 16.1%. The ex-dividend date was Wednesday, June 17th. FS KKR Capital’s dividend payout ratio (DPR) is presently -85.28%.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.