Apollon Wealth Management LLC Boosts Stake in FS KKR Capital Corp. $FSK

Apollon Wealth Management LLC lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 176,584 shares of the company’s stock after purchasing an additional 9,428 shares during the period. Apollon Wealth Management LLC’s holdings in FS KKR Capital were worth $3,664,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Flaharty Asset Management LLC purchased a new stake in shares of FS KKR Capital during the 1st quarter worth about $29,000. Trust Co. of Vermont boosted its stake in shares of FS KKR Capital by 51.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after acquiring an additional 515 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of FS KKR Capital during the 1st quarter worth about $34,000. Wealth Preservation Advisors LLC acquired a new position in shares of FS KKR Capital during the 1st quarter worth about $42,000. Finally, Compass Financial Services Inc acquired a new position in shares of FS KKR Capital during the 1st quarter worth about $50,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $14.16 on Friday. The firm has a 50 day simple moving average of $16.96 and a 200-day simple moving average of $19.40. FS KKR Capital Corp. has a 1-year low of $14.05 and a 1-year high of $24.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The firm had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same period last year, the company earned $0.75 EPS. Sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a dividend yield of 18.1%. FS KKR Capital’s dividend payout ratio (DPR) is presently 328.21%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Keefe, Bruyette & Woods reduced their price target on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a report on Monday, October 6th. Finally, Royal Bank Of Canada cut their price objective on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.75.

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.