Cura Wealth Advisors LLC Has $34.74 Million Holdings in FS KKR Capital Corp. $FSK

Key Points

• Cura Wealth Advisors LLC cut its stake in FS KKR Capital (NYSE:FSK) by 6.0% in Q4 to 2,345,376 shares worth about $34.74 million, representing roughly 13.2% of Cura’s portfolio and its second-largest holding.
• FS KKR Capital missed expectations for the quarter (EPS $0.52 vs. $0.55 estimate; revenue $348.0M vs. $361.6M), the stock trades near $10.36 with a 52-week range of $9.72–$22.68, and analysts have trimmed ratings and price targets leaving an average MarketBeat consensus of “Reduce” and a $13.07 average price target.
• Insider Daniel Pietrzak bought 5,000 shares at about $11.25 on Feb. 27, increasing his holdings to 64,800 (an 8.36% rise); insiders own 0.25% of the company while institutional investors hold roughly 36.26%.

Cura Wealth Advisors LLC decreased its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,345,376 shares of the company's stock after selling 150,320 shares during the quarter. FS KKR Capital makes up about 13.2% of Cura Wealth Advisors LLC's investment portfolio, making the stock its 2nd largest position. Cura Wealth Advisors LLC's holdings in FS KKR Capital were worth $34,735,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FSK. Bison Wealth LLC raised its position in FS KKR Capital by 3.4% in the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company's stock valued at $476,000 after purchasing an additional 720 shares during the last quarter. Goldman Sachs Group Inc. raised its position in 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 purchasing an additional 32,258 shares during the last quarter. Empowered Funds LLC raised its position in 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 purchasing an additional 15,596 shares during the last quarter. Marshall Wace LLP bought a new position in FS KKR Capital in the 2nd quarter valued at $1,806,000. Finally, Nebula Research & Development LLC raised its position in FS KKR Capital by 83.1% in the 2nd quarter. Nebula Research & Development LLC now owns 20,236 shares of the company's stock valued at $420,000 after purchasing an additional 9,183 shares during the last quarter. Institutional investors own 36.26% of the company's stock.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the company's stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the purchase, the insider directly owned 64,800 shares of the company's stock, valued at approximately $729,000. This represents a 8.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

FS KKR Capital Stock Performance

FSK opened at $10.36 on Tuesday. FS KKR Capital Corp. has a 52-week low of $9.72 and a 52-week high of $22.68. The firm has a market capitalization of $2.90 billion, a PE ratio of 345.47 and a beta of 0.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. The business's 50-day simple moving average is $11.37 and its 200 day simple moving average is $13.70.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.The company had revenue of $348.00 million for the quarter, compared to the consensus estimate of $361.59 million. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital's dividend payout ratio is currently 6,000.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FSK shares. Wall Street Zen downgraded FS KKR Capital from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Royal Bank Of Canada decreased their price objective on FS KKR Capital from $15.00 to $13.00 and set a "sector perform" rating for the company in a research note on Monday, April 6th. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $13.00 to $9.50 and set a "neutral" rating for the company in a research note on Friday, March 13th. Wells Fargo & Company decreased their price objective on FS KKR Capital from $15.00 to $11.00 and set an "equal weight" rating for the company in a research note on Friday, February 27th. Finally, Weiss Ratings cut FS KKR Capital from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, March 5th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $13.07.

FS KKR Capital Profile

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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