Geneos Wealth Management Inc. Buys 302,773 Shares of FS KKR Capital Corp. (NYSE:FSK)

Key Points

• Geneos Wealth Management Inc. increased its stake in FS KKR Capital by 88.5% in Q1, now owning 644,908 shares valued at approximately $13.5 million.
• Several analysts have lowered their price targets for FS KKR Capital shares, with a consensus target price of $19.50 and a majority rating the stock as a "Hold."
• FS KKR Capital's recent earnings report indicated a 7.8% year-over-year revenue decline, although it beat EPS estimates with reported earnings of $0.65.

Geneos Wealth Management Inc. grew its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 88.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 644,908 shares of the company's stock after buying an additional 302,773 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.23% of FS KKR Capital worth $13,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in FS KKR Capital during the 4th quarter worth about $33,000. Fourth Dimension Wealth LLC bought a new stake in FS KKR Capital during the 4th quarter worth about $33,000. Anchor Investment Management LLC bought a new stake in FS KKR Capital during the 4th quarter worth about $54,000. von Borstel & Associates Inc. bought a new stake in FS KKR Capital during the 1st quarter worth about $60,000. Finally, Creekmur Asset Management LLC lifted its position in FS KKR Capital by 76.9% during the 1st quarter. Creekmur Asset Management LLC now owns 3,106 shares of the company's stock worth $65,000 after buying an additional 1,350 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FSK. B. Riley started coverage on shares of FS KKR Capital in a research note on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective on the stock. Oppenheimer dropped their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a report on Friday, May 9th. Royal Bank Of Canada dropped their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Keefe, Bruyette & Woods dropped their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $19.50.

FS KKR Capital Stock Performance

FSK traded down $0.46 on Friday, reaching $20.45. The company had a trading volume of 1,227,280 shares, compared to its average volume of 1,578,026. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The stock has a market cap of $5.73 billion, a P/E ratio of 10.76 and a beta of 0.96. The company's fifty day moving average is $21.33 and its 200 day moving average is $21.37. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.09 and a current ratio of 2.09.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 31.53% and a return on equity of 11.78%. The business had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. During the same quarter in the prior year, the business earned $0.62 EPS. FS KKR Capital's quarterly revenue was down 7.8% on a year-over-year basis. As a group, analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date was Wednesday, June 18th. FS KKR Capital's dividend payout ratio is presently 134.74%.

FS KKR Capital Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.