OMERS ADMINISTRATION Corp Makes New $7.55 Million Investment in FS KKR Capital Corp. $FSK

Key Points

• OMERS Administration Corp. acquired 718,860 shares of FS KKR Capital worth approximately $7.55 million, representing about 0.26% of the company. Institutional investors and hedge funds collectively own 36.26% of FSK.
• Analyst sentiment remains cautious, with seven analysts rating the stock “Hold” and one rating it “Sell.” The consensus rating is “Reduce,” with an average price target of $11.43.
• FS KKR Capital reported quarterly EPS of $0.43, slightly above estimates, and increased its quarterly dividend to $0.44 per share, implying a 14.6% annualized yield.

OMERS ADMINISTRATION Corp bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 718,860 shares of the company's stock, valued at approximately $7,548,000. OMERS ADMINISTRATION Corp owned approximately 0.26% of FS KKR Capital at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Titan Investment Management LLC purchased a new stake in shares of FS KKR Capital during the 4th quarter worth about $1,863,000. UBS Group AG increased its stake in shares of FS KKR Capital by 15.3% in the 4th quarter. UBS Group AG now owns 3,806,076 shares of the company's stock valued at $56,368,000 after purchasing an additional 505,982 shares in the last quarter. Marble Wealth LLC acquired a new position in FS KKR Capital in the 4th quarter worth about $1,567,000. Legal & General Group Plc raised its holdings in FS KKR Capital by 15.3% in the 4th quarter. Legal & General Group Plc now owns 2,296,070 shares of the company's stock worth $33,993,000 after purchasing an additional 304,556 shares during the period. Finally, Lido Advisors LLC boosted its position in FS KKR Capital by 452.0% during the fourth quarter. Lido Advisors LLC now owns 589,139 shares of the company's stock worth $8,725,000 after purchasing an additional 482,412 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on FSK shares. Wells Fargo & Company dropped their price objective on 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. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of FS KKR Capital in a research note on Tuesday, June 2nd. Zacks Research raised shares of FS KKR Capital from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Truist Financial boosted their price target on shares of FS KKR Capital from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $13.00 price objective (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $11.43.

FS KKR Capital Stock Up 1.3%

NYSE FSK opened at $12.06 on Tuesday. The business has a fifty day moving average price of $11.03 and a 200 day moving average price of $11.09. 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 company has a market cap of $3.33 billion, a P/E ratio of -8.94 and a beta of 0.83. FS KKR Capital Corp. has a one year low of $9.72 and a one year high of $18.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. The business had revenue of $290.00 million during the quarter, compared to analysts' expectations 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 business earned ($0.75) earnings per share. Research analysts anticipate that FS KKR Capital Corp. will post 1.64 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Wednesday, September 16th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.76 annualized dividend and a yield of 14.6%. This is a boost from FS KKR Capital's previous quarterly dividend of $0.42. FS KKR Capital's dividend payout ratio is currently -124.44%.

FS KKR Capital Company 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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