FS KKR Capital Corp. $FSK Shares Purchased by Intellectus Partners LLC

Intellectus Partners LLC boosted its stake in FS KKR Capital Corp. (NYSE:FSK) by 62.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,434 shares of the company’s stock after buying an additional 52,573 shares during the period. Intellectus Partners LLC’s holdings in FS KKR Capital were worth $2,021,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FSK. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in FS KKR Capital in the fourth quarter worth $26,000. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital in the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in FS KKR Capital in the fourth quarter worth $31,000. Basepoint Wealth LLC acquired a new stake in FS KKR Capital in the fourth quarter worth $31,000. Finally, Strategic Advocates LLC acquired a new stake in FS KKR Capital in the third quarter worth $38,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Trading Down 1.0%

Shares of FSK stock opened at $10.80 on Thursday. The stock has a 50-day simple moving average of $10.71 and a 200 day simple moving average of $12.69. FS KKR Capital Corp. has a fifty-two week low of $9.72 and a fifty-two week high of $22.68. The stock has a market capitalization of $3.02 billion, a P/E ratio of -5.48 and a beta of 0.83. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.38.

FS KKR Capital (NYSE:FSK) last announced its earnings results 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 firm had revenue of $304.00 million for the quarter, compared to the consensus estimate of $316.81 million. During the same period in the prior year, the business earned $0.65 EPS. The company’s quarterly revenue was down 24.0% compared to the same quarter last year. On average, sell-side analysts expect that FS KKR Capital Corp. will post 1.66 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th will be given a $0.42 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.6%. FS KKR Capital’s dividend payout ratio (DPR) is -91.37%.

Analyst Ratings Changes

FSK has been the topic of several analyst reports. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $11.00 price target on shares of FS KKR Capital in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods decreased their price target on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a research note on Thursday, April 16th. B. Riley Financial decreased their price target on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FS KKR Capital in a research note on Tuesday. 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 data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.58.

More FS KKR Capital News

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

• Positive Sentiment: The company extended the maturity of a key loan facility at a subsidiary, which helps reduce near-term refinancing pressure and supports liquidity management. FS KKR Capital Extends Key Loan Facility Maturity
• Positive Sentiment: FS KKR Capital priced a $900 million unsecured notes offering, and KBRA assigned the new debt a BBB- rating with a Stable outlook, suggesting access to capital on reasonable terms and potential flexibility to repay secured debt. KBRA Assigns Rating to FS KKR Capital Corp.’s $900 Million Senior Unsecured Notes Due 2031
• Positive Sentiment: The company also priced the $900 million senior unsecured notes offering, which may strengthen funding and balance-sheet flexibility. FSK Prices Public Offering of $900,000,000 7.500% Unsecured Notes Due 2031
• Neutral Sentiment: Several law firms issued reminders about an ongoing securities class action and the July 6 lead-plaintiff deadline. These notices add uncertainty, but they are largely procedural at this stage. FS KKR Capital Corp. (FSK) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
• Neutral Sentiment: The company drew more attention from investor-rights firms as the class action moved forward, but no court outcome or financial penalty has been announced yet. Bronstein, Gewirtz & Grossman LLC Urges FS KKR Capital Corp. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: Multiple securities-fraud lawsuits and deadline reminders may be weighing on sentiment, as they center on alleged misleading statements about distribution sustainability and investor losses. FSK DEADLINE: Levi & Korsinsky Reminds FS KKR CAPITAL CORP. Investors of Upcoming Securities Class Action Deadline
• Negative Sentiment: FS KKR Capital’s recent earnings missed expectations, with lower revenue and earnings than a year earlier, reinforcing concerns about operating performance.

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.