Venture Visionary Partners LLC Purchases 175,500 Shares of FS KKR Capital Corp. $FSK

Key Points

• Venture Visionary Partners significantly increased its FS KKR Capital stake by purchasing 175,500 additional shares in the third quarter, bringing its holdings to 202,945 shares valued at approximately $2.23 million.
• Analysts remain cautious on FSK, with a consensus rating of “Reduce” from six Hold and two Sell ratings and an average price target of $11.43.
• FS KKR Capital raised its quarterly dividend to $0.44 per share, equal to a $1.76 annualized payout and a reported 16.4% yield; the company also slightly exceeded quarterly earnings and revenue expectations.

Venture Visionary Partners LLC raised its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 639.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 202,945 shares of the company's stock after buying an additional 175,500 shares during the quarter. Venture Visionary Partners LLC owned about 0.07% of FS KKR Capital worth $2,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FSK. Triumph Capital Management lifted its holdings in shares of FS KKR Capital by 98.1% during the 2nd quarter. Triumph Capital Management now owns 2,575 shares of the company's stock worth $27,000 after acquiring an additional 1,275 shares during the period. Harborfront Financial Group LLC bought a new position in FS KKR Capital in the second quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. bought a new position in FS KKR Capital in the second quarter valued at approximately $53,000. Fifth Third Bancorp acquired a new position in FS KKR Capital during the first quarter valued at approximately $65,000. Finally, Continuum Advisory LLC acquired a new position in FS KKR Capital during the second quarter valued at approximately $76,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on FSK. Weiss Ratings restated a "sell (d+)" rating on shares of FS KKR Capital in a research note on Friday, August 28th. JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $9.50 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, August 19th. Royal Bank Of Canada reissued a "sector perform" rating and set a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a report on Wednesday, August 12th. Truist Financial upped their price objective on FS KKR Capital from $11.00 to $12.00 and gave the stock a "hold" rating in a research report on Friday, August 7th. Finally, Capital One Financial set a $12.00 price objective on FS KKR Capital in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, FS KKR Capital has a consensus rating of "Reduce" and an average target price of $11.43.

FS KKR Capital Stock Down 0.5%

Shares of NYSE:FSK opened at $10.76 on Thursday. The company has a fifty day moving average of $11.73 and a 200-day moving average of $11.04. The company has a market capitalization of $2.97 billion, a PE ratio of -7.97 and a beta of 0.86. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28. FS KKR Capital Corp. has a 52-week low of $9.72 and a 52-week high of $16.31.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly 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 company had revenue of $290.00 million during the quarter, compared to analysts' expectations of $286.75 million. FS KKR Capital had a positive return on equity of 9.70% and a negative net margin of 28.52%.During the same period in the prior year, the company earned ($0.75) EPS. On average, equities analysts predict that FS KKR Capital Corp. will post 1.64 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 16th were given a $0.44 dividend. This is a boost from FS KKR Capital's previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 16.4%. The ex-dividend date was Wednesday, September 16th. FS KKR Capital's dividend payout ratio is -130.37%.

FS KKR Capital Company Profile

FS KKR Capital Corp. NYSE: FSK is a business development company that provides financing to privately owned middle-market companies. The company primarily invests in senior secured loans, including first-lien and second-lien debt, and may also make select equity investments. Its portfolio companies operate across a range of industries and are generally located in the United States.

FSK seeks to generate income and long-term capital appreciation by partnering with companies that require financing for acquisitions, recapitalizations, growth initiatives, refinancing and other corporate purposes.

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