Csenge Advisory Group Makes New Investment in FS KKR Capital Corp. $FSK

Csenge Advisory Group purchased a new stake in FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 61,450 shares of the company’s stock, valued at approximately $645,000.

Other large investors also recently made changes to their positions in the company. Diversify Advisory Services LLC acquired a new position in shares of FS KKR Capital in the 2nd quarter worth approximately $2,178,000. Investmark Advisory Group LLC acquired a new stake in FS KKR Capital during the second quarter valued at approximately $1,710,000. Alamar Capital Management LLC bought a new stake in FS KKR Capital during the second quarter worth approximately $153,000. Harborfront Financial Group LLC bought a new stake in FS KKR Capital during the second quarter worth approximately $30,000. Finally, BlackRock Inc. acquired a new position in FS KKR Capital in the second quarter worth approximately $11,115,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Down 1.2%

FSK stock opened at $11.91 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market capitalization of $3.29 billion, a P/E ratio of -8.82 and a beta of 0.83. FS KKR Capital Corp. has a 52-week low of $9.72 and a 52-week high of $18.25. The company’s 50 day simple moving average is $10.99 and its 200-day simple moving average is $11.11.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. The firm had revenue of $290.00 million during the quarter, compared to analyst estimates of $286.75 million. During the same quarter last year, the business posted ($0.75) EPS. As a group, equities research analysts anticipate that FS KKR Capital Corp. will post 1.64 EPS for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Wednesday, September 16th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 14.8%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 16th. FS KKR Capital’s payout ratio is -124.44%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Truist Financial lifted their target price on FS KKR Capital from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Wells Fargo & Company decreased their price target on FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $11.43.

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.