Ameritas Advisory Services LLC Takes Position in FS KKR Capital Corp. $FSK

Ameritas Advisory Services LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,676 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in FS KKR Capital by 43.5% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,500 shares of the company’s stock worth $861,000 after acquiring an additional 12,580 shares during the period. Trust Co. of Vermont grew its holdings in FS KKR Capital by 51.0% during the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after acquiring an additional 515 shares during the period. Generali Investments CEE investicni spolecnost a.s. grew its holdings in FS KKR Capital by 5.1% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 72,351 shares of the company’s stock worth $1,501,000 after acquiring an additional 3,504 shares during the period. GraniteShares Advisors LLC grew its holdings in FS KKR Capital by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 128,631 shares of the company’s stock worth $2,669,000 after acquiring an additional 8,041 shares during the period. Finally, Symmetry Partners LLC acquired a new stake in FS KKR Capital in the second quarter valued at approximately $372,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on FSK. Wells Fargo & Company raised FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock in a report on Monday, October 6th. 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. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and an average price target of $17.75.

FS KKR Capital Trading Down 1.5%

FSK stock opened at $14.16 on Monday. The business has a fifty day moving average of $16.96 and a two-hundred day moving average of $19.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. FS KKR Capital Corp. has a 52-week low of $14.05 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its earnings results 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). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The business had revenue of $398.00 million for the quarter, compared to analyst estimates of $402.00 million. During the same period last year, the business earned $0.75 EPS. Analysts predict that FS KKR Capital Corp. will post 2.89 EPS 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. Stockholders of record on Wednesday, December 3rd will be paid a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a dividend yield of 18.1%. FS KKR Capital’s payout ratio is presently 328.21%.

FS KKR Capital 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.