Flagship Private Wealth LLC Sells 9,326 Shares of FS KKR Capital Corp. II (NYSE:FSKR)


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Flagship Private Wealth LLC reduced its position in shares of FS KKR Capital Corp. II (NYSE:FSKR) by 26.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,317 shares of the company’s stock after selling 9,326 shares during the period. Flagship Private Wealth LLC’s holdings in FS KKR Capital Corp. II were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Catalyst Private Wealth LLC acquired a new position in shares of FS KKR Capital Corp. II in the third quarter worth approximately $38,000. Annapolis Financial Services LLC acquired a new position in shares of FS KKR Capital Corp. II in the fourth quarter worth approximately $44,000. Prestige Wealth Management Group LLC acquired a new position in shares of FS KKR Capital Corp. II in the fourth quarter worth approximately $78,000. Meeder Asset Management Inc. acquired a new position in shares of FS KKR Capital Corp. II in the fourth quarter worth approximately $80,000. Finally, DB Wealth Management Group LLC acquired a new position in shares of FS KKR Capital Corp. II in the fourth quarter worth approximately $83,000. Institutional investors own 24.22% of the company’s stock.

Separately, Zacks Investment Research lowered FS KKR Capital Corp. II from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. FS KKR Capital Corp. II presently has an average rating of “Hold” and an average target price of $16.92.

Shares of FSKR opened at $20.52 on Monday. FS KKR Capital Corp. II has a 52-week low of $11.64 and a 52-week high of $20.90. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.64. The business’s 50 day moving average price is $19.28 and its two-hundred day moving average price is $17.52.

FS KKR Capital Corp. II (NYSE:FSKR) last issued its quarterly earnings results on Monday, March 1st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $196.00 million during the quarter, compared to analyst estimates of $176.64 million. As a group, research analysts forecast that FS KKR Capital Corp. II will post 2.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 2nd. Shareholders of record on Wednesday, March 17th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 10.72%. The ex-dividend date was Tuesday, March 16th.

FS KKR Capital Corp. II Company Profile

FS KKR Capital Corp. II, formerly known as FS Investment Corp II, is a business development company specializing in investments in floating rate, senior secured loans-first lien and second line, senior secured bonds, subordinated debt, collateralized securities, corporate bonds, debt securities, equity such as warrants or options in middle market private companies.

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Institutional Ownership by Quarter for FS KKR Capital Corp. II (NYSE:FSKR)

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