FS KKR Capital Corp. $FSK Position Raised by Muzinich & Co. Inc.

Muzinich & Co. Inc. grew its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 10.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 894,437 shares of the company’s stock after buying an additional 86,677 shares during the quarter. FS KKR Capital accounts for about 5.2% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 8th biggest position. Muzinich & Co. Inc.’s holdings in FS KKR Capital were worth $13,354,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FSK. Goldman Sachs Group Inc. grew its stake in shares of FS KKR Capital by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after acquiring an additional 32,258 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in shares of FS KKR Capital by 14.2% in the second quarter. Legacy Capital Group California Inc. now owns 199,187 shares of the company’s stock worth $4,133,000 after acquiring an additional 24,758 shares during the period. CCLA Investment Management grew its position in FS KKR Capital by 5.6% during the third quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock valued at $25,435,000 after buying an additional 90,167 shares during the period. Symmetry Partners LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter worth about $372,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of FS KKR Capital by 58.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 559,345 shares of the company’s stock worth $11,606,000 after purchasing an additional 205,823 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel Pietrzak purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $15.15 per share, with a total value of $151,500.00. Following the completion of the acquisition, the insider directly owned 59,800 shares of the company’s stock, valued at approximately $905,970. The trade was a 20.08% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael C. Forman acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were bought at an average cost of $15.50 per share, with a total value of $155,000.00. Following the completion of the acquisition, the chief executive officer owned 24,220 shares in the company, valued at $375,410. This represents a 70.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Down 0.2%

FS KKR Capital stock opened at $14.70 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s fifty day moving average is $15.30 and its two-hundred day moving average is $17.40. FS KKR Capital Corp. has a 1-year low of $14.05 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. During the same period in the prior year, the firm posted $0.74 earnings per share. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 17.4%. The ex-dividend date was Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is 263.92%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price for the company in a report on Monday, October 6th. Finally, Royal Bank Of Canada cut their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, November 14th. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.50.

FS KKR Capital 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.