FS KKR Capital Corp. $FSK Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 12.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 713,670 shares of the company’s stock after buying an additional 81,653 shares during the quarter. Sanctuary Advisors LLC’s holdings in FS KKR Capital were worth $7,265,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in FS KKR Capital in the fourth quarter worth about $26,000. Jessup Wealth Management Inc bought a new position in shares of FS KKR Capital during the 4th quarter valued at about $26,000. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital during the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of FS KKR Capital in the 4th quarter worth approximately $31,000. Finally, Basepoint Wealth LLC acquired a new position in shares of FS KKR Capital in the 4th quarter worth approximately $31,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on FSK. Royal Bank Of Canada reissued a “sector perform” rating and set a $11.00 target price on shares of FS KKR Capital in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods dropped their price target on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Zacks Research lowered FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company cut their target price on FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $10.58.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $10.92 on Friday. The firm’s 50 day simple moving average is $10.69 and its 200-day simple moving average is $11.64. The company has a market cap of $3.06 billion, a P/E ratio of -5.54 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.00 and a quick ratio of 2.00. FS KKR Capital Corp. has a fifty-two week low of $9.72 and a fifty-two week high of $22.68.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $304.00 million during the quarter, compared to analysts’ expectations of $316.81 million. FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. The firm’s revenue was down 24.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. As a group, equities research analysts predict that FS KKR Capital Corp. will post 1.64 EPS for the current year.

FS KKR Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 15.4%. The ex-dividend date of this dividend was Wednesday, June 17th. FS KKR Capital’s payout ratio is -85.28%.

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.