Farther Finance Advisors LLC Boosts Holdings in FS KKR Capital Corp. $FSK

Farther Finance Advisors LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK) by 260.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,678 shares of the company’s stock after purchasing an additional 59,725 shares during the period. Farther Finance Advisors LLC’s holdings in FS KKR Capital were worth $1,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp lifted its position in shares of FS KKR Capital by 23.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock worth $59,566,000 after purchasing an additional 752,956 shares during the period. UBS Group AG lifted its position in FS KKR Capital by 12.1% during the 3rd quarter. UBS Group AG now owns 3,300,094 shares of the company’s stock valued at $49,270,000 after acquiring an additional 355,745 shares during the period. Generali Asset Management SPA SGR lifted its position in FS KKR Capital by 2.5% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,546,371 shares of the company’s stock valued at $38,017,000 after acquiring an additional 61,106 shares during the period. CCLA Investment Management lifted its position in FS KKR Capital by 1.0% during the 4th quarter. CCLA Investment Management now owns 1,720,929 shares of the company’s stock valued at $25,469,000 after acquiring an additional 17,294 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in FS KKR Capital during the 3rd quarter valued at about $21,917,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial lowered their price target on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. Zacks Research cut shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Weiss Ratings cut shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, March 13th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.50.

FS KKR Capital Stock Down 2.2%

NYSE:FSK opened at $11.06 on Wednesday. The firm has a market cap of $3.10 billion, a P/E ratio of 368.50 and a beta of 0.83. 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 $9.72 and a fifty-two week high of $22.68. The firm has a 50-day simple moving average of $11.12 and a two-hundred day simple moving average of $13.54.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $348.00 million for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.66 earnings per share. Analysts predict that FS KKR Capital Corp. will post 1.7 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th were paid a dividend of $0.03 per share. This represents a yield of 118.0%. The ex-dividend date was Wednesday, March 18th. FS KKR Capital’s dividend payout ratio (DPR) is currently 6,000.00%.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the insider owned 64,800 shares in the company, valued at $729,000. This trade represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

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.