Cura Wealth Advisors LLC trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK – Free Report) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,264,934 shares of the company’s stock after selling 80,442 shares during the period. FS KKR Capital comprises approximately 10.3% of Cura Wealth Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Cura Wealth Advisors LLC’s holdings in FS KKR Capital were worth $23,057,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC raised its stake in shares of FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after purchasing an additional 720 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of FS KKR Capital by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock valued at $5,612,000 after buying an additional 32,258 shares in the last quarter. Empowered Funds LLC grew its stake in shares of FS KKR Capital by 139.9% in the 1st quarter. Empowered Funds LLC now owns 26,744 shares of the company’s stock valued at $560,000 after buying an additional 15,596 shares in the last quarter. Marshall Wace LLP acquired a new position in FS KKR Capital in the second quarter worth approximately $1,806,000. Finally, Nebula Research & Development LLC increased its holdings in FS KKR Capital by 83.1% in the second quarter. Nebula Research & Development LLC now owns 20,236 shares of the company’s stock worth $420,000 after buying an additional 9,183 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.
FS KKR Capital Stock Performance
Shares of NYSE FSK opened at $10.85 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -5.51 and a beta of 0.82. The business’s 50-day simple moving average is $10.69 and its 200-day simple moving average is $11.59. FS KKR Capital Corp. has a 52 week low of $9.72 and a 52 week high of $22.52.
FS KKR Capital Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 17th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.5%. FS KKR Capital’s dividend payout ratio (DPR) is currently -85.28%.
Analyst Ratings Changes
A number of research firms have issued reports on FSK. Wells Fargo & Company reduced their target price 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. Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 price target on shares of FS KKR Capital in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods cut their price target on shares of FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a research note on Tuesday, June 2nd. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $10.58.
Get Our Latest Stock Analysis on FSK
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.
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