Sumitomo Mitsui Trust Group Inc. Increases Position in FS KKR Capital Corp. $FSK

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 14.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 723,668 shares of the company’s stock after buying an additional 91,635 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in FS KKR Capital were worth $15,016,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. LPL Financial LLC lifted its position in shares of FS KKR Capital by 2.8% in the first quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock valued at $77,144,000 after acquiring an additional 98,647 shares in the last quarter. Generali Asset Management SPA SGR lifted its holdings in FS KKR Capital by 21.7% in the 2nd quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock worth $51,569,000 after purchasing an additional 442,374 shares in the last quarter. Cura Wealth Advisors LLC boosted its stake in FS KKR Capital by 1.1% in the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock worth $37,387,000 after purchasing an additional 19,367 shares during the period. Cetera Investment Advisers raised its position in shares of FS KKR Capital by 4.8% during the first quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock valued at $20,303,000 after buying an additional 44,087 shares during the last quarter. Finally, Fountainhead AM LLC lifted its holdings in shares of FS KKR Capital by 1.2% in the first quarter. Fountainhead AM LLC now owns 898,059 shares of the company’s stock worth $18,814,000 after buying an additional 10,565 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

FSK has been the topic of a number of research reports. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada decreased their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 26th. Finally, Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.75.

FS KKR Capital Trading Down 1.2%

FSK opened at $15.17 on Thursday. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average of $16.12 and a 200 day moving average of $18.97.

FS KKR Capital (NYSE:FSK) last posted 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). The company had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same period in the previous year, the business earned $0.75 earnings per share. On average, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a yield of 16.9%. FS KKR Capital’s payout ratio is 328.21%.

FS KKR Capital Company 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.