Legacy Wealth Managment LLC ID Sells 80,118 Shares of FS KKR Capital Corp. $FSK

Legacy Wealth Managment LLC ID lessened its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 27.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 206,947 shares of the company’s stock after selling 80,118 shares during the period. FS KKR Capital accounts for about 1.5% of Legacy Wealth Managment LLC ID’s holdings, making the stock its 13th biggest holding. Legacy Wealth Managment LLC ID’s holdings in FS KKR Capital were worth $3,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in FS KKR Capital by 23.3% in the third quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock valued at $59,566,000 after buying an additional 752,956 shares during the period. UBS Group AG increased its stake in FS KKR Capital by 15.3% during the 4th quarter. UBS Group AG now owns 3,806,076 shares of the company’s stock worth $56,368,000 after acquiring an additional 505,982 shares during the period. CCLA Investment Management increased its stake in FS KKR Capital by 1.0% during the 4th quarter. CCLA Investment Management now owns 1,720,929 shares of the company’s stock worth $25,469,000 after acquiring an additional 17,294 shares during the period. Balyasny Asset Management L.P. bought a new position in FS KKR Capital during the 3rd quarter worth $21,917,000. Finally, Invesco Ltd. boosted its holdings in shares of FS KKR Capital by 51.9% in the 3rd quarter. Invesco Ltd. now owns 1,000,988 shares of the company’s stock valued at $14,945,000 after purchasing an additional 341,860 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Trending Headlines about FS KKR Capital

Here are the key news stories impacting FS KKR Capital this week:

• Negative Sentiment: Several firms, including Glancy Prongay, Bronstein Gewirtz, Faruqi & Faruqi, Robbins Geller, Howard G. Smith, Pomerantz, Portnoy, Bernstein Liebhard, and Rosen, announced or reminded investors about class-action claims against FS KKR Capital, creating fresh legal overhang for the stock. Article Title
• Negative Sentiment: The lawsuits focus on investors who bought FSK shares between May 8, 2024 and February 25, 2026, with deadlines for lead-plaintiff motions in early July, keeping the issue in the spotlight and potentially increasing legal risk and distraction for management. Article Title
• Neutral Sentiment: A Zacks preview on FS KKR Capital’s upcoming quarterly metrics may have drawn trading attention, but it does not appear to include a major new catalyst by itself. Article Title

Insider Buying and Selling

In other news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the purchase, the insider owned 64,800 shares in the company, valued at approximately $729,000. This trade represents a 8.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, March 13th. Weiss Ratings lowered FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. Finally, B. Riley Financial decreased their target price on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $11.08.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $10.82 on Friday. FS KKR Capital Corp. has a twelve month low of $9.72 and a twelve month high of $22.68. The stock’s 50 day moving average price is $10.66 and its 200-day moving average price is $13.27. The company has a market capitalization of $3.03 billion, a PE ratio of 360.53 and a beta of 0.85. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.The business had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. During the same quarter in the previous year, the firm earned $0.66 EPS. On average, equities analysts anticipate that FS KKR Capital Corp. will post 1.7 EPS for the current year.

FS KKR Capital Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s dividend payout ratio is presently 6,000.00%.

FS KKR Capital Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.