FS KKR Capital Corp. $FSK Shares Purchased by Sage Advisors LLC

Sage Advisors LLC raised its position in FS KKR Capital Corp. (NYSE:FSK) by 14.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 244,492 shares of the company’s stock after acquiring an additional 31,061 shares during the period. FS KKR Capital makes up about 3.6% of Sage Advisors LLC’s holdings, making the stock its 8th largest position. Sage Advisors LLC’s holdings in FS KKR Capital were worth $5,073,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FSK. Kingswood Wealth Advisors LLC grew its stake in FS KKR Capital by 250.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 788,025 shares of the company’s stock valued at $16,831,000 after acquiring an additional 563,432 shares during the period. SCS Capital Management LLC acquired a new stake in FS KKR Capital in the first quarter valued at approximately $10,822,000. Wellington Management Group LLP acquired a new stake in FS KKR Capital in the first quarter valued at approximately $9,218,000. Cubist Systematic Strategies LLC acquired a new stake in FS KKR Capital in the first quarter valued at approximately $8,342,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in FS KKR Capital in the first quarter valued at approximately $6,383,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FSK. JPMorgan Chase & Co. dropped their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods dropped their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada dropped their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 26th. Finally, Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price on the stock in a report on Monday, October 6th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.75.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $14.77 on Tuesday. The business’s fifty day simple moving average is $16.86 and its 200 day simple moving average is $19.35. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The business had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same quarter last year, the business posted $0.75 earnings per share. Research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 17.3%. The ex-dividend date is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is 328.21%.

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.