Lalia Capital LLC Buys Shares of 923,146 FS KKR Capital Corp. $FSK

Lalia Capital LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 923,146 shares of the company’s stock, valued at approximately $9,693,000. FS KKR Capital comprises approximately 4.7% of Lalia Capital LLC’s portfolio, making the stock its 13th biggest position.

Several other institutional investors have also modified their holdings of FSK. Northwestern Mutual Wealth Management Co. boosted its holdings in FS KKR Capital by 55,074.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,741,004 shares of the company’s stock valued at $114,644,000 after purchasing an additional 7,726,974 shares during the last quarter. Saba Capital Management L.P. acquired a new stake in shares of FS KKR Capital during the 1st quarter worth approximately $35,729,000. Oak Hill Advisors LP acquired a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $38,659,000. Cura Wealth Advisors LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at approximately $22,391,000. Finally, Rivernorth Capital Management LLC raised its position in shares of FS KKR Capital by 580.7% during the 1st quarter. Rivernorth Capital Management LLC now owns 2,097,170 shares of the company’s stock valued at $21,349,000 after buying an additional 1,789,090 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.1%

NYSE FSK opened at $11.92 on Friday. The stock has a market capitalization of $3.29 billion, a PE ratio of -8.83 and a beta of 0.83. The firm has a 50 day moving average of $11.00 and a two-hundred day moving average of $11.12. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26. FS KKR Capital Corp. has a 52 week low of $9.72 and a 52 week high of $18.25.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 positive return on equity of 9.70% and a negative net margin of 28.52%.During the same period in the prior year, the firm posted ($0.75) EPS. As a group, research analysts expect that FS KKR Capital Corp. will post 1.64 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.44 per share. The ex-dividend date is Wednesday, September 16th. 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. FS KKR Capital’s payout ratio is presently -124.44%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price on shares of FS KKR Capital from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday, August 12th. Seven equities research 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, the stock has a consensus rating of “Reduce” and an average target price 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.