Apollon Wealth Management LLC Sells 2,700 Shares of FS KKR Capital Corp. (NYSE:FSK)

Apollon Wealth Management LLC lowered its position in FS KKR Capital Corp. (NYSE:FSK) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,337 shares of the company’s stock after selling 2,700 shares during the quarter. Apollon Wealth Management LLC’s holdings in FS KKR Capital were worth $1,388,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fountainhead AM LLC raised its holdings in shares of FS KKR Capital by 9.8% during the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after acquiring an additional 71,644 shares during the period. Sigma Planning Corp increased its holdings in FS KKR Capital by 11.0% during the third quarter. Sigma Planning Corp now owns 193,681 shares of the company’s stock worth $3,821,000 after buying an additional 19,210 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of FS KKR Capital by 1.9% in the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after purchasing an additional 991 shares during the last quarter. Graypoint LLC increased its holdings in shares of FS KKR Capital by 3.5% in the third quarter. Graypoint LLC now owns 113,330 shares of the company’s stock valued at $2,236,000 after purchasing an additional 3,782 shares during the last quarter. Finally, Maia Wealth LLC increased its holdings in shares of FS KKR Capital by 10.4% in the third quarter. Maia Wealth LLC now owns 572,864 shares of the company’s stock valued at $11,904,000 after purchasing an additional 53,954 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FSK. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.94.

FS KKR Capital Stock Down 0.2 %

Shares of FSK opened at $21.10 on Friday. The firm has a market cap of $5.91 billion, a P/E ratio of 11.23 and a beta of 1.25. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $21.28. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a 50 day simple moving average of $20.17 and a two-hundred day simple moving average of $20.00.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter in the prior year, the company earned $0.80 earnings per share. On average, analysts forecast that FS KKR Capital Corp. will post 2.88 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.70 dividend. This represents a yield of 12.7%. This is a boost from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is presently 136.17%.

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.