Verdence Capital Advisors LLC purchased a new stake in FS KKR Capital Corp. (NYSE:FSK – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 62,500 shares of the company’s stock, valued at approximately $687,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Beacon Financial Advisory LLC boosted its position in FS KKR Capital by 1.7% during the second quarter. Beacon Financial Advisory LLC now owns 61,266 shares of the company’s stock valued at $643,000 after purchasing an additional 1,000 shares during the last quarter. Rockport Wealth LLC lifted its stake in shares of FS KKR Capital by 9.8% during the 1st quarter. Rockport Wealth LLC now owns 11,367 shares of the company’s stock worth $116,000 after buying an additional 1,018 shares during the last quarter. Diligent Investors LLC grew its position in shares of FS KKR Capital by 4.0% in the third quarter. Diligent Investors LLC now owns 29,741 shares of the company’s stock valued at $327,000 after purchasing an additional 1,147 shares during the last quarter. IFP Advisors Inc grew its holdings in FS KKR Capital by 6.1% in the 3rd quarter. IFP Advisors Inc now owns 20,966 shares of the company’s stock valued at $230,000 after buying an additional 1,210 shares in the last quarter. Finally, Triumph Capital Management raised its stake in FS KKR Capital by 98.1% in the 2nd quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock worth $27,000 after purchasing an additional 1,275 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.
FS KKR Capital Stock Performance
FS KKR Capital stock opened at $11.16 on Friday. 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 firm’s fifty day moving average price is $11.33 and its 200-day moving average price is $11.39. 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 cap of $3.09 billion, a P/E ratio of 5.55 and a beta of 0.86.
FS KKR Capital (NYSE:FSK – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $290.00 million during the quarter, compared to analysts’ expectations of $286.75 million. During the same quarter in the prior year, the company earned ($0.75) EPS. On average, equities research analysts expect 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 announced a special dividend, which will be paid on Thursday, December 24th. Stockholders of record on Wednesday, December 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a dividend yield of 1,633.0%. FS KKR Capital’s payout ratio is presently -130.37%.
Analyst Ratings Changes
A number of research firms have recently weighed in on FSK. Weiss Ratings reiterated a “sell (d+)” rating on shares of FS KKR Capital in a research report on Friday, August 28th. Truist Financial lifted their price target on FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price objective (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Finally, Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, FS KKR Capital presently has a consensus rating of “Reduce” and a consensus price target of $11.43.
FS KKR Capital 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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