Simplicity Wealth LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 59,208 shares of the company’s stock, valued at approximately $651,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its position in FS KKR Capital by 13.4% during the second quarter. Van ECK Associates Corp now owns 5,382,748 shares of the company’s stock worth $56,519,000 after acquiring an additional 636,889 shares in the last quarter. Saba Capital Management L.P. acquired a new stake in FS KKR Capital in the first quarter valued at $35,729,000. Legal & General Group Plc acquired a new stake in FS KKR Capital in the second quarter valued at $28,742,000. Silver Point Capital L.P. bought a new position in shares of FS KKR Capital in the 2nd quarter valued at about $28,602,000. Finally, Cura Wealth Advisors LLC bought a new position in shares of FS KKR Capital in the 2nd quarter valued at about $22,391,000. 36.26% of the stock is owned by institutional investors.
FS KKR Capital Stock Up 0.4%
FSK stock opened at $10.71 on Thursday. FS KKR Capital Corp. has a fifty-two week low of $9.72 and a fifty-two week high of $16.31. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of -7.93 and a beta of 0.86. The business’s fifty day moving average price is $11.34 and its two-hundred day moving average price is $11.40. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28.
FS KKR Capital (NYSE:FSK – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. The business had revenue of $290.00 million during the quarter, compared to analysts’ expectations of $286.75 million. During the same quarter in the previous year, the company earned ($0.75) EPS. On average, equities analysts anticipate that FS KKR Capital Corp. will post 1.64 earnings per share for the current year.
FS KKR Capital Dividend Announcement
The business also recently disclosed a special dividend, which will be paid on Thursday, December 24th. Shareholders of record on Wednesday, December 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a yield of 1,633.0%. FS KKR Capital’s payout ratio is currently -130.37%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Truist Financial raised their target price on shares of FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Wells Fargo & Company cut FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 price target for the company. in a report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $11.43.
Get Our Latest Analysis on FS KKR Capital
FS KKR Capital Company Profile
FS KKR Capital Corp. (NYSE: FSK) is a business development company (BDC) that provides financing to private middle-market companies. The company primarily invests in senior secured loans and other debt instruments, while also making select equity investments. Its portfolio companies generally operate across a range of industries and are typically based in the United States.
FSK is externally managed by FS/KKR Advisor, LLC, a joint venture between FS Investments and KKR. The adviser combines FS Investments’ experience in serving individual and institutional investors with KKR’s global investment platform and private credit capabilities.
The company traces its history to FS Investment Corporation and Corporate Capital Trust, which combined in 2018 to create FS KKR Capital Corp.
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