Geneos Wealth Management Inc. Sells 389,811 Shares of FS KKR Capital Corp. $FSK

Key Points

• Geneos Wealth Management cut its stake in FS KKR Capital by 83.1% in Q4, selling 389,811 shares and retaining 79,433 shares worth $1.176 million.
• Analyst sentiment has weakened—several brokers lowered targets and the MarketBeat consensus rating is "Reduce" with an average target price of $12.50.
• FSK missed quarterly EPS estimates ($0.52 vs. $0.55 expected) and paid a recent special dividend; the stock trades around $10.51 with a one‑year range of $9.72–$22.68.

Geneos Wealth Management Inc. cut its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 83.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,433 shares of the company's stock after selling 389,811 shares during the period. Geneos Wealth Management Inc.'s holdings in FS KKR Capital were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FSK. Balyasny Asset Management L.P. bought a new position in shares of FS KKR Capital in the 3rd quarter worth about $21,917,000. Van ECK Associates Corp raised its position in shares of FS KKR Capital by 23.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company's stock worth $59,566,000 after acquiring an additional 752,956 shares in the last quarter. Gateway Wealth Partners LLC raised its position in shares of FS KKR Capital by 4,863.0% in the 3rd quarter. Gateway Wealth Partners LLC now owns 723,508 shares of the company's stock worth $10,802,000 after acquiring an additional 708,930 shares in the last quarter. North Ground Capital raised its position in shares of FS KKR Capital by 3,743.8% in the 3rd quarter. North Ground Capital now owns 615,000 shares of the company's stock worth $9,182,000 after acquiring an additional 599,000 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of FS KKR Capital in the 3rd quarter worth about $6,702,000. 36.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FSK. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $15.00 to $11.00 and set a "market perform" rating for the company in a research report on Thursday, April 16th. JPMorgan Chase & Co. decreased their target price on FS KKR Capital from $13.00 to $9.50 and set a "neutral" rating for the company in a research report on Friday, March 13th. Truist Financial decreased their target price on FS KKR Capital from $17.00 to $11.00 and set a "hold" rating for the company in a research report on Wednesday, March 4th. Royal Bank Of Canada decreased their target price on FS KKR Capital from $15.00 to $13.00 and set a "sector perform" rating for the company in a research report on Monday, April 6th. Finally, Wells Fargo & Company decreased their target price on FS KKR Capital from $15.00 to $11.00 and set an "equal weight" rating for the company in a research report on Friday, February 27th. Seven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $12.50.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $10.51 on Monday. FS KKR Capital Corp. has a one year low of $9.72 and a one year high of $22.68. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 350.17 and a beta of 0.83. The business has a 50-day simple moving average of $10.96 and a 200 day simple moving average of $13.46. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.03). The firm had revenue of $348.00 million during the quarter, compared to the consensus estimate of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same period in the previous year, the firm earned $0.66 earnings per share. On average, research analysts anticipate that FS KKR Capital Corp. will post 1.7 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

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

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the business's stock in a transaction on Friday, February 27th. The stock was acquired at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the insider owned 64,800 shares of the company's stock, valued at approximately $729,000. This trade represents a 8.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.25% of the company's stock.

About FS KKR Capital

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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