Sciencast Management LP Buys New Shares in FS KKR Capital Corp. $FSK

Sciencast Management LP bought a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 1st quarter, Holdings Channel.com reports. The fund bought 23,233 shares of the company’s stock, valued at approximately $487,000.

Several other institutional investors have also recently added to or reduced their stakes in FSK. Mirae Asset Global Investments Co. Ltd. grew its position in FS KKR Capital by 35.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock valued at $607,000 after acquiring an additional 7,620 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in FS KKR Capital during the first quarter valued at about $6,383,000. Oppenheimer & Co. Inc. grew its position in FS KKR Capital by 5.9% during the first quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock valued at $356,000 after acquiring an additional 945 shares during the period. BridgePort Financial Solutions LLC purchased a new stake in FS KKR Capital during the fourth quarter valued at about $385,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in FS KKR Capital by 11.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 129,330 shares of the company’s stock valued at $2,809,000 after acquiring an additional 12,782 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Zacks Research raised FS KKR Capital to a “strong sell” rating in a research report on Friday, August 8th. Royal Bank Of Canada lowered their price target on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 26th. Wall Street Zen downgraded FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Wells Fargo & Company lowered their price target on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a research report on Friday, August 8th. Finally, Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, FS KKR Capital currently has an average rating of “Reduce” and an average target price of $18.42.

FS KKR Capital Trading Down 0.2%

Shares of NYSE FSK opened at $18.09 on Tuesday. The stock’s 50 day moving average price is $19.85 and its two-hundred day moving average price is $20.45. FS KKR Capital Corp. has a 52-week low of $17.35 and a 52-week high of $24.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The firm had revenue of $398.00 million for the quarter, compared to analyst estimates of $402.00 million. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, September 17th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 15.5%. FS KKR Capital’s payout ratio is currently 328.21%.

FS KKR Capital Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.