Gerber Kawasaki Wealth & Investment Management Has $5.42 Million Holdings in FS KKR Capital Corp. $FSK

Gerber Kawasaki Wealth & Investment Management grew its position in FS KKR Capital Corp. (NYSE:FSK) by 17.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,914 shares of the company’s stock after purchasing an additional 38,087 shares during the period. Gerber Kawasaki Wealth & Investment Management owned about 0.09% of FS KKR Capital worth $5,424,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in FS KKR Capital by 1.3% in the 4th quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company’s stock worth $726,000 after purchasing an additional 423 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in shares of FS KKR Capital by 1.4% during the 1st quarter. Kathmere Capital Management LLC now owns 41,258 shares of the company’s stock valued at $864,000 after acquiring an additional 562 shares during the last quarter. Liberty Square Wealth Partners LLC increased its holdings in shares of FS KKR Capital by 1.2% during the 1st quarter. Liberty Square Wealth Partners LLC now owns 52,508 shares of the company’s stock valued at $1,100,000 after acquiring an additional 602 shares during the last quarter. Independent Wealth Network Inc. increased its holdings in shares of FS KKR Capital by 2.7% during the 1st quarter. Independent Wealth Network Inc. now owns 25,300 shares of the company’s stock valued at $530,000 after acquiring an additional 672 shares during the last quarter. Finally, Bison Wealth LLC increased its holdings in shares of FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after acquiring an additional 720 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Trading Up 0.4%

Shares of FSK stock opened at $18.01 on Thursday. The stock has a 50 day moving average of $20.24 and a two-hundred day moving average of $20.79. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital Corp. has a 12 month low of $17.35 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The firm had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. During the same quarter in the prior year, the business posted $0.75 EPS. On average, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be given a $0.70 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 15.6%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio is 328.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Wells Fargo & Company lowered their price objective on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, August 8th. B. Riley started coverage on FS KKR Capital in a research note on Tuesday, May 13th. They set a “neutral” rating and a $19.00 target price for the company. Wall Street Zen downgraded FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $18.42.

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.