Diversify Advisory Services LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 201,020 shares of the company's stock, valued at approximately $2,178,000. Diversify Advisory Services LLC owned 0.07% of FS KKR Capital as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Investmark Advisory Group LLC bought a new position in FS KKR Capital during the second quarter worth about $1,710,000. Alamar Capital Management LLC bought a new stake in shares of FS KKR Capital in the second quarter valued at approximately $153,000. Harborfront Financial Group LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at approximately $30,000. BlackRock Inc. purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at approximately $11,115,000. Finally, Succession Financial Inc. bought a new position in FS KKR Capital in the 2nd quarter worth approximately $186,000. Hedge funds and other institutional investors own 36.26% of the company's stock.
FS KKR Capital Stock Performance
Shares of NYSE FSK opened at $11.93 on Wednesday. The firm's 50-day moving average price is $10.94 and its 200-day moving average price is $11.14. FS KKR Capital Corp. has a 52-week low of $9.72 and a 52-week high of $18.25. The company has a market cap of $3.30 billion, a PE ratio of -8.83 and a beta of 0.83. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26.
FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $290.00 million during the quarter, compared to analyst estimates of $286.75 million. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. During the same period in the prior year, the firm posted ($0.75) EPS. As a group, analysts anticipate that FS KKR Capital Corp. will post 1.64 EPS for the current year.
FS KKR Capital Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Wednesday, September 16th will be given a $0.44 dividend. This is a boost from FS KKR Capital's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.76 annualized dividend and a yield of 14.8%. FS KKR Capital's dividend payout ratio is currently -124.44%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on FSK. Wall Street Zen raised FS KKR Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $11.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 12th. Capital One Financial set a $12.00 price target on shares of FS KKR Capital in a report on Friday, August 7th. Weiss Ratings restated a "sell (d+)" rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Finally, Zacks Research raised FS KKR Capital from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FS KKR Capital currently has an average rating of "Reduce" and an average target price of $11.21.
Read Our Latest Stock Report on FSK
FS KKR Capital Company Profile
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Free Report)
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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