78,834 Shares in FS KKR Capital Corp. $FSK Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK) during the second quarter, HoldingsChannel reports. The institutional investor bought 78,834 shares of the company’s stock, valued at approximately $828,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Titan Investment Management LLC bought a new stake in shares of FS KKR Capital in the fourth quarter worth $1,863,000. OMERS ADMINISTRATION Corp bought a new position in FS KKR Capital in the second quarter valued at $7,548,000. UBS Group AG grew its position in FS KKR Capital by 15.3% in the fourth quarter. UBS Group AG now owns 3,806,076 shares of the company’s stock valued at $56,368,000 after purchasing an additional 505,982 shares in the last quarter. Marble Wealth LLC acquired a new stake in FS KKR Capital in the 4th quarter valued at $1,567,000. Finally, Legal & General Group Plc increased its stake in FS KKR Capital by 15.3% in the 4th quarter. Legal & General Group Plc now owns 2,296,070 shares of the company’s stock valued at $33,993,000 after buying an additional 304,556 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FSK. Wells Fargo & Company reduced their price objective on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of FS KKR Capital in a report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their price target on FS KKR Capital from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Finally, Truist Financial boosted their price target on FS KKR Capital from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, FS KKR Capital presently has an average rating of “Reduce” and an average target price of $11.43.

FS KKR Capital Stock Performance

NYSE:FSK opened at $12.28 on Friday. The company has a market cap of $3.39 billion, a price-to-earnings ratio of -9.10 and a beta of 0.83. FS KKR Capital Corp. has a fifty-two week low of $9.72 and a fifty-two week high of $18.25. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a fifty day moving average price of $11.17 and a 200-day moving average price of $11.08.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $290.00 million during the quarter, compared to the consensus estimate of $286.75 million. FS KKR Capital had a positive return on equity of 9.70% and a negative net margin of 28.52%.During the same quarter in the previous year, the firm earned ($0.75) earnings per share. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 1.64 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Wednesday, September 16th will be given a dividend of $0.44 per share. The ex-dividend date is Wednesday, September 16th. This represents a $1.76 annualized dividend and a dividend yield of 14.3%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.42. FS KKR Capital’s dividend payout ratio (DPR) is -124.44%.

About FS KKR Capital

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.