Paradigm Financial Partners LLC Decreases Position in FS KKR Capital Corp. (NYSE:FSK)

Paradigm Financial Partners LLC trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,818 shares of the company’s stock after selling 3,572 shares during the period. Paradigm Financial Partners LLC’s holdings in FS KKR Capital were worth $2,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new position in shares of FS KKR Capital in the third quarter valued at $236,000. SVB Wealth LLC boosted its position in shares of FS KKR Capital by 18.7% in the third quarter. SVB Wealth LLC now owns 12,447 shares of the company’s stock valued at $245,000 after acquiring an additional 1,957 shares during the period. Mission Wealth Management LP purchased a new position in FS KKR Capital during the third quarter valued at approximately $274,000. Raymond James Financial Services Advisors Inc. increased its holdings in FS KKR Capital by 29.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 180,227 shares of the company’s stock worth $3,549,000 after acquiring an additional 40,741 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in shares of FS KKR Capital by 8.2% in the third quarter. Stratos Wealth Partners LTD. now owns 198,419 shares of the company’s stock worth $3,907,000 after buying an additional 14,953 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak bought 7,300 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, the insider now directly owns 39,800 shares of the company’s stock, valued at $745,454. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on FSK shares. Truist Financial decreased their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada reduced their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Hovde Group reiterated a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Wells Fargo & Company lifted their target price on FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, Compass Point lowered FS KKR Capital from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.17.

FS KKR Capital Stock Performance

Shares of FSK traded up $0.10 during mid-day trading on Friday, reaching $19.33. The company had a trading volume of 958,030 shares, compared to its average volume of 1,282,233. The stock has a 50 day moving average of $19.11 and a two-hundred day moving average of $19.67. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.41 billion, a P/E ratio of 7.76 and a beta of 1.25. FS KKR Capital Corp. has a 52-week low of $17.50 and a 52-week high of $20.99.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The company had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $452.39 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, analysts expect that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were issued a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a yield of 13.24%. FS KKR Capital’s payout ratio is 102.81%.

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.