Tudor Investment Corp ET AL Has $1.76 Million Holdings in FS KKR Capital Corp. $FSK

Key Points

• Tudor Investment Corp ET AL cut its stake in FS KKR Capital by 84.6%, selling 650,507 shares and retaining 118,153 shares worth about $1.76 million per its latest 13F filing.
• Several large investors added or initiated big positions—Balyasny (~$21.9M new), VanEck increased to ~3.99M shares (~$59.6M), Gateway Wealth and North Ground made major purchases—bringing institutional ownership to 36.26%.
• FSK missed quarterly EPS ( $0.52 vs. $0.55 consensus), announced a special $0.03 dividend

Tudor Investment Corp ET AL lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 84.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,153 shares of the company's stock after selling 650,507 shares during the quarter. Tudor Investment Corp ET AL's holdings in FS KKR Capital were worth $1,764,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average cost 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 represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

FS KKR Capital Trading Down 2.8%

Shares of FSK opened at $9.91 on Friday. FS KKR Capital Corp. has a fifty-two week low of $9.72 and a fifty-two week high of $22.68. The business has a 50-day moving average of $12.22 and a 200 day moving average of $14.18. The firm has a market cap of $2.77 billion, a P/E ratio of 330.17 and a beta of 0.86. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). The business had revenue of $348.00 million for the quarter, compared to analysts' expectations 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 last year, the company earned $0.66 earnings per share. As a group, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital's dividend payout ratio (DPR) is 6,000.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FSK shares. Wall Street Zen downgraded shares of FS KKR Capital from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a "market perform" rating for the company in a report on Monday, March 2nd. Royal Bank Of Canada dropped their price target on shares of FS KKR Capital from $17.00 to $15.00 and set a "sector perform" rating on the stock in a research report on Friday, February 27th. Truist Financial reduced their price objective on shares of 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $13.36.

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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