Campbell Capital Management Inc. Cuts Position in FS KKR Capital Corp. $FSK

Campbell Capital Management Inc. lessened its position in FS KKR Capital Corp. (NYSE:FSK) by 40.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,350 shares of the company’s stock after selling 107,500 shares during the quarter. FS KKR Capital accounts for approximately 0.9% of Campbell Capital Management Inc.’s portfolio, making the stock its 23rd largest holding. Campbell Capital Management Inc.’s holdings in FS KKR Capital were worth $2,364,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in shares of FS KKR Capital by 57.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 52,700 shares of the company’s stock worth $787,000 after purchasing an additional 19,253 shares in the last quarter. Armistice Capital LLC bought a new stake in FS KKR Capital in the 3rd quarter worth approximately $763,000. Caxton Associates LLP lifted its position in FS KKR Capital by 135.9% in the 3rd quarter. Caxton Associates LLP now owns 403,194 shares of the company’s stock worth $6,020,000 after buying an additional 232,294 shares during the last quarter. VPR Management LLC boosted its stake in FS KKR Capital by 100.0% in the third quarter. VPR Management LLC now owns 21,000 shares of the company’s stock worth $314,000 after buying an additional 10,500 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in FS KKR Capital by 266.6% in the third quarter. Verition Fund Management LLC now owns 83,883 shares of the company’s stock worth $1,252,000 after buying an additional 61,003 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was bought at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the acquisition, the insider owned 64,800 shares in the company, valued at approximately $729,000. This trade represents a 8.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

NYSE:FSK opened at $10.26 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 fifty-two week low of $10.04 and a fifty-two week high of $22.68. The firm has a market cap of $2.87 billion, a PE ratio of 342.03 and a beta of 0.86. The business has a 50 day moving average price of $12.92 and a 200-day moving average price of $14.60.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.The firm had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. During the same period in the previous year, the firm earned $0.66 earnings per share. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be given a $0.03 dividend. The ex-dividend date is Wednesday, March 18th. This represents a dividend yield of 1,754.0%. FS KKR Capital’s payout ratio is presently 6,000.00%.

Wall Street Analyst Weigh In

FSK has been the topic of several research reports. Truist Financial decreased their price target on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Royal Bank Of Canada decreased their target price 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. Weiss Ratings lowered shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $13.36.

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.