FS KKR Capital Corp. (NYSE:FSK) is Maia Wealth LLC’s 2nd Largest Position

Maia Wealth LLC lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 638,109 shares of the company’s stock after buying an additional 65,245 shares during the quarter. FS KKR Capital makes up 3.2% of Maia Wealth LLC’s holdings, making the stock its 2nd largest holding. Maia Wealth LLC owned about 0.23% of FS KKR Capital worth $14,543,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FSK. McIlrath & Eck LLC grew its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital in the 4th quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after acquiring an additional 1,520 shares during the period. Roxbury Financial LLC purchased a new stake in FS KKR Capital during the fourth quarter worth $69,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after purchasing an additional 3,744 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Transactions at FS KKR Capital

In related news, insider Brian Gerson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $22.08 per share, with a total value of $110,400.00. Following the completion of the acquisition, the insider now directly owns 15,109 shares in the company, valued at $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders acquired 11,500 shares of company stock worth $248,910. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

FSK has been the subject of several research reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. JPMorgan Chase & Co. upped their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Finally, B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.10.

FS KKR Capital Price Performance

FSK stock opened at $23.49 on Friday. The business has a 50 day moving average price of $22.58 and a 200 day moving average price of $21.23. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $24.10. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 12.49 and a beta of 1.25.

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

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.92%. FS KKR Capital’s payout ratio is 122.49%.

About FS KKR Capital

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.