FS KKR Capital Corp. $FSK Shares Acquired by DNB Asset Management AS

DNB Asset Management AS boosted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 37.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,144 shares of the company’s stock after purchasing an additional 50,102 shares during the quarter. DNB Asset Management AS’s holdings in FS KKR Capital were worth $2,734,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Gateway Wealth Partners LLC increased its stake in FS KKR Capital by 4,863.0% in the third quarter. Gateway Wealth Partners LLC now owns 723,508 shares of the company’s stock valued at $10,802,000 after purchasing an additional 708,930 shares during the period. North Ground Capital grew its holdings in shares of FS KKR Capital by 3,743.8% during the third quarter. North Ground Capital now owns 615,000 shares of the company’s stock worth $9,182,000 after buying an additional 599,000 shares during the last quarter. HRT Financial LP increased its position in FS KKR Capital by 1,687.7% in the 2nd quarter. HRT Financial LP now owns 329,181 shares of the company’s stock valued at $6,830,000 after acquiring an additional 310,767 shares during the period. Campbell Capital Management Inc. purchased a new stake in FS KKR Capital during the 2nd quarter valued at approximately $5,516,000. Finally, Financial Gravity Companies Inc. purchased a new stake in FS KKR Capital during the 2nd quarter valued at approximately $5,270,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.9%

Shares of NYSE FSK opened at $10.95 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. FS KKR Capital Corp. has a one year low of $10.28 and a one year high of $23.07. The company’s fifty day moving average is $13.76 and its two-hundred day moving average is $15.12.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). The company had revenue of $348.00 million during the quarter, compared to analyst estimates of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same quarter last year, the business earned $0.66 EPS. As a group, equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.03 per share. This represents a dividend yield of 1,595.0%. The ex-dividend date is Wednesday, March 18th. FS KKR Capital’s dividend payout ratio (DPR) is presently 8,533.33%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FSK shares. Keefe, Bruyette & Woods dropped their target price on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating on the stock in a report on Monday. Royal Bank Of Canada lowered their price objective on shares of FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday, February 27th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company dropped their price target on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.67.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were acquired at an average price of $11.25 per share, with a total value of $56,250.00. Following the purchase, the insider directly owned 64,800 shares of the company’s stock, valued at $729,000. The trade was a 8.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is owned by company insiders.

FS KKR Capital 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.