OMERS ADMINISTRATION Corp Acquires 314,437 Shares of FS KKR Capital Corp. $FSK

OMERS ADMINISTRATION Corp grew its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 77.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 718,860 shares of the company’s stock after purchasing an additional 314,437 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in FS KKR Capital were worth $10,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Aries Wealth Management boosted its holdings in shares of FS KKR Capital by 3.1% during the 3rd quarter. Aries Wealth Management now owns 23,565 shares of the company’s stock worth $352,000 after buying an additional 700 shares in the last quarter. Bison Wealth LLC boosted its holdings in shares of FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after buying an additional 720 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of FS KKR Capital by 2.5% during the 4th quarter. Kathmere Capital Management LLC now owns 37,305 shares of the company’s stock worth $552,000 after buying an additional 900 shares in the last quarter. Acorn Wealth Advisors LLC boosted its holdings in shares of FS KKR Capital by 1.4% during the 4th quarter. Acorn Wealth Advisors LLC now owns 65,079 shares of the company’s stock worth $964,000 after buying an additional 914 shares in the last quarter. Finally, Delta Investment Management LLC boosted its holdings in shares of FS KKR Capital by 4.6% during the 4th quarter. Delta Investment Management LLC now owns 24,086 shares of the company’s stock worth $357,000 after buying an additional 1,049 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $10.93 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.38. The stock’s fifty day simple moving average is $10.82 and its two-hundred day simple moving average is $12.43. FS KKR Capital Corp. has a 1-year low of $9.72 and a 1-year high of $22.68. The stock has a market cap of $3.06 billion, a PE ratio of -5.55 and a beta of 0.83.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. The company had revenue of $304.00 million for the quarter, compared to the consensus estimate of $316.81 million. During the same quarter last year, the business posted $0.65 earnings per share. FS KKR Capital’s revenue was down 24.0% on a year-over-year basis. As a group, analysts forecast that FS KKR Capital Corp. will post 1.66 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.68 annualized dividend and a yield of 15.4%. FS KKR Capital’s dividend payout ratio (DPR) is -91.37%.

Key FS KKR Capital News

Here are the key news stories impacting FS KKR Capital this week:

• Negative Sentiment: Multiple law firms, including Rosen, Faruqi & Faruqi, Berger Montague, and others, announced or reminded investors about class-action lawsuits against FS KKR Capital Corp. related to alleged securities law violations and investor losses. Article Title
• Negative Sentiment: The complaints and alerts emphasize a disputed dividend history, including claims that shareholders were promised stable distributions but instead experienced a sizable dividend cut, which could reinforce concerns about the company’s earnings quality and future payout stability. Article Title
• Negative Sentiment: The legal actions add uncertainty around potential damages, management distraction, and reputational risk, all of which can pressure shares of income-oriented financial companies like FS KKR Capital. Article Title

Analysts Set New Price Targets

A number of brokerages recently issued reports on FSK. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. B. Riley Financial cut their target price on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 target price on shares of FS KKR Capital in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods cut their target price on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $10.58.

About FS KKR Capital

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.