Cura Wealth Advisors LLC Has $23.06 Million Position in FS KKR Capital Corp. $FSK

Cura Wealth Advisors LLC lowered its holdings in FS KKR Capital Corp. (NYSE:FSK) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,264,934 shares of the company’s stock after selling 80,442 shares during the period. FS KKR Capital comprises 10.3% of Cura Wealth Advisors LLC’s holdings, making the stock its 3rd biggest holding. Cura Wealth Advisors LLC owned about 0.81% of FS KKR Capital worth $23,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of FS KKR Capital in the fourth quarter valued at $26,000. Jessup Wealth Management Inc bought a new stake in shares of FS KKR Capital during the 4th quarter worth $26,000. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital during the 4th quarter worth $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of FS KKR Capital in the 4th quarter worth $31,000. Finally, Basepoint Wealth LLC acquired a new position in shares of FS KKR Capital in the 4th quarter worth $31,000. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FSK shares. Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. Zacks Research cut FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 price objective on shares of FS KKR Capital in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a research note on Tuesday, June 2nd. Finally, Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $10.58.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $10.85 on Tuesday. FS KKR Capital Corp. has a 1-year low of $9.72 and a 1-year high of $22.52. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -5.51 and a beta of 0.82. The stock’s fifty day simple moving average is $10.69 and its 200-day simple moving average is $11.59.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.The business had revenue of $304.00 million during the quarter, compared to analysts’ expectations of $316.81 million. During the same period in the prior year, the company posted $0.65 earnings per share. The firm’s revenue was down 24.0% on a year-over-year basis. On average, sell-side analysts predict that FS KKR Capital Corp. will post 1.64 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 15.5%. The ex-dividend date was Wednesday, June 17th. FS KKR Capital’s dividend payout ratio (DPR) is currently -85.28%.

FS KKR Capital Company 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.