Privium Fund Management UK Ltd Invests $437,000 in FS KKR Capital Corp. $FSK

Privium Fund Management UK Ltd bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,175 shares of the company’s stock, valued at approximately $437,000. FS KKR Capital comprises approximately 0.2% of Privium Fund Management UK Ltd’s portfolio, making the stock its 25th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in FSK. Northwestern Mutual Wealth Management Co. lifted its position in FS KKR Capital by 55,074.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,741,004 shares of the company’s stock worth $114,644,000 after buying an additional 7,726,974 shares during the last quarter. Saba Capital Management L.P. bought a new position in FS KKR Capital during the 1st quarter valued at about $35,729,000. Oak Hill Advisors LP bought a new position in shares of FS KKR Capital during the fourth quarter valued at approximately $38,659,000. Cura Wealth Advisors LLC purchased a new stake in shares of FS KKR Capital in the second quarter worth approximately $22,391,000. Finally, Rivernorth Capital Management LLC raised its holdings in shares of FS KKR Capital by 580.7% in the first quarter. Rivernorth Capital Management LLC now owns 2,097,170 shares of the company’s stock worth $21,349,000 after buying an additional 1,789,090 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 0.0%

Shares of NYSE FSK opened at $12.37 on Monday. FS KKR Capital Corp. has a 1-year low of $9.72 and a 1-year high of $18.25. The business has a fifty day moving average price of $10.90 and a 200 day moving average price of $11.17. The stock has a market capitalization of $3.42 billion, a P/E ratio of -9.16 and a beta of 0.83. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $290.00 million for the quarter, compared to analyst estimates of $286.75 million. FS KKR Capital had a positive return on equity of 9.70% and a negative net margin of 28.52%.During the same quarter in the previous year, the firm earned ($0.75) earnings per share. Equities research analysts expect that FS KKR Capital Corp. will post 1.64 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Wednesday, September 16th will be paid a dividend of $0.44 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, September 16th. This represents a $1.76 annualized dividend and a dividend yield of 14.2%. FS KKR Capital’s dividend payout ratio (DPR) is presently -124.44%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 target price (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Finally, Capital One Financial set a $12.00 price target on shares of FS KKR Capital in a research note on Friday, August 7th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, FS KKR Capital has an average rating of “Reduce” and an average price target of $11.21.

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.