Prosperity Wealth Management Inc. Acquires Shares of 25,491 FS KKR Capital Corp. (NYSE:FSK)

Prosperity Wealth Management Inc. acquired a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, HoldingsChannel reports. The firm acquired 25,491 shares of the company’s stock, valued at approximately $554,000.

Other institutional investors have also added to or reduced their stakes in the company. Endowment Wealth Management Inc. increased its holdings in shares of FS KKR Capital by 0.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock worth $1,977,000 after buying an additional 582 shares in the last quarter. Inspire Advisors LLC increased its holdings in shares of FS KKR Capital by 28.6% during the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock worth $2,387,000 after buying an additional 24,443 shares in the last quarter. Kendall Capital Management increased its holdings in shares of FS KKR Capital by 2.3% during the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock worth $497,000 after buying an additional 517 shares in the last quarter. Intellectus Partners LLC increased its holdings in shares of FS KKR Capital by 7.5% during the fourth quarter. Intellectus Partners LLC now owns 93,953 shares of the company’s stock worth $2,041,000 after buying an additional 6,519 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of FS KKR Capital by 21.3% during the fourth quarter. Larson Financial Group LLC now owns 123,416 shares of the company’s stock worth $2,681,000 after buying an additional 21,650 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FSK. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.70.

FS KKR Capital Stock Performance

Shares of FSK opened at $21.72 on Wednesday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $6.08 billion, a P/E ratio of 11.55 and a beta of 1.22. The firm’s fifty day simple moving average is $22.71 and its two-hundred day simple moving average is $21.40. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. As a group, analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 12.89%. FS KKR Capital’s dividend payout ratio (DPR) is currently 122.49%.

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.