Cura Wealth Advisors LLC Invests $22.39 Million in FS KKR Capital Corp. $FSK

Cura Wealth Advisors LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK) during the second quarter, HoldingsChannel reports. The firm bought 2,132,461 shares of the company’s stock, valued at approximately $22,391,000. FS KKR Capital accounts for approximately 9.6% of Cura Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position.

Several other large investors have also modified their holdings of FSK. Northwestern Mutual Wealth Management Co. grew its stake 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 purchasing an additional 7,726,974 shares in the last quarter. Saba Capital Management L.P. acquired a new stake in FS KKR Capital during the first quarter valued at approximately $35,729,000. Oak Hill Advisors LP bought a new position in FS KKR Capital during the 4th quarter worth approximately $38,659,000. Rivernorth Capital Management LLC lifted its holdings in FS KKR Capital by 580.7% during the 1st 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 last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of FS KKR Capital in the 3rd quarter worth approximately $21,917,000. Institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Truist Financial raised their price objective on FS KKR Capital from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Capital One Financial set a $12.00 price objective on shares of FS KKR Capital in a report on Friday, August 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 target price (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, FS KKR Capital presently has a consensus rating of “Reduce” and a consensus price target of $11.21.

FS KKR Capital Trading Up 0.0%

Shares of NYSE FSK opened at $12.37 on Monday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of -9.16 and a beta of 0.83. FS KKR Capital Corp. has a 12-month low of $9.72 and a 12-month high of $18.25. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26. The stock’s 50 day simple moving average is $10.90 and its 200 day simple moving average is $11.17.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $290.00 million during 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 posted ($0.75) EPS. Equities research analysts expect that FS KKR Capital Corp. will post 1.64 EPS for the current year.

FS KKR Capital Increases Dividend

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

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.