Sage Advisors LLC Raises Stake in FS KKR Capital Corp. $FSK

Sage Advisors LLC raised its position in FS KKR Capital Corp. (NYSE:FSK) by 14.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,492 shares of the company’s stock after buying an additional 31,061 shares during the quarter. FS KKR Capital comprises 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.

Several other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont raised its stake in shares of FS KKR Capital by 51.0% in the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after buying an additional 515 shares during the period. Kathmere Capital Management LLC raised its stake in shares of FS KKR Capital by 1.4% in the first quarter. Kathmere Capital Management LLC now owns 41,258 shares of the company’s stock valued at $864,000 after buying an additional 562 shares during the period. Liberty Square Wealth Partners LLC raised its stake in shares of FS KKR Capital by 1.2% in the first quarter. Liberty Square Wealth Partners LLC now owns 52,508 shares of the company’s stock valued at $1,100,000 after buying an additional 602 shares during the period. Independent Wealth Network Inc. raised its stake in shares of FS KKR Capital by 2.7% in the first quarter. Independent Wealth Network Inc. now owns 25,300 shares of the company’s stock valued at $530,000 after buying an additional 672 shares during the period. Finally, Bison Wealth LLC raised its stake in shares of FS KKR Capital by 3.4% in the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after buying an additional 720 shares during the period. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Up 4.3%

FS KKR Capital stock opened at $14.77 on Tuesday. FS KKR Capital Corp. has a 52 week low of $14.05 and a 52 week high of $24.10. The business has a 50-day simple moving average of $16.86 and a 200 day simple moving average of $19.35. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40.

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

FS KKR Capital Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on FSK. Royal Bank Of Canada lowered their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target for the company in a research report on Monday, October 6th. JPMorgan Chase & Co. reduced their price target on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Finally, Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.75.

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.