Krilogy Financial LLC Buys 14,998 Shares of FS KKR Capital Corp. (NYSE:FSK)

Krilogy Financial LLC boosted its stake in shares of FS KKR Capital Corp. (NYSE:FSKGet Rating) by 40.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,121 shares of the company’s stock after purchasing an additional 14,998 shares during the quarter. Krilogy Financial LLC’s holdings in FS KKR Capital were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in FSK. Kohlberg Kravis Roberts & Co. L.P. boosted its holdings in FS KKR Capital by 18.6% in the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 19,726,981 shares of the company’s stock worth $450,170,000 after acquiring an additional 3,100,501 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in FS KKR Capital by 4.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,188,982 shares of the company’s stock worth $42,510,000 after acquiring an additional 87,500 shares in the last quarter. River Road Asset Management LLC boosted its holdings in FS KKR Capital by 50.6% in the first quarter. River Road Asset Management LLC now owns 1,905,874 shares of the company’s stock worth $43,492,000 after acquiring an additional 640,238 shares in the last quarter. Black Diamond Capital Management L.L.C. acquired a new stake in FS KKR Capital in the fourth quarter worth about $39,247,000. Finally, Ares Management LLC boosted its holdings in FS KKR Capital by 11.7% in the first quarter. Ares Management LLC now owns 1,710,937 shares of the company’s stock worth $39,044,000 after acquiring an additional 178,532 shares in the last quarter. Institutional investors own 35.74% of the company’s stock.

FS KKR Capital Trading Down 3.7 %

Shares of NYSE:FSK opened at $19.03 on Friday. FS KKR Capital Corp. has a 52-week low of $18.08 and a 52-week high of $23.44. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 8.98 and a beta of 1.33. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $21.34 and a 200-day moving average price of $21.35.

FS KKR Capital (NYSE:FSKGet Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. FS KKR Capital had a return on equity of 9.93% and a net margin of 40.23%. The firm had revenue of $379.00 million during the quarter, compared to analysts’ expectations of $378.79 million. Equities analysts predict that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Wednesday, September 14th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 14.08%. The ex-dividend date of this dividend is Tuesday, September 13th. FS KKR Capital’s dividend payout ratio is currently 115.09%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FSK. Wells Fargo & Company raised their price target on FS KKR Capital from $19.00 to $20.50 and gave the stock an “equal weight” rating in a report on Wednesday, August 10th. Compass Point reduced their price objective on FS KKR Capital to $24.00 in a research note on Monday, August 15th.

About FS KKR Capital

(Get Rating)

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.

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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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