Kestra Advisory Services LLC Purchases 48,352 Shares of FS KKR Capital Corp. $FSK

Kestra Advisory Services LLC increased its position in FS KKR Capital Corp. (NYSE:FSK) by 6.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 780,656 shares of the company’s stock after acquiring an additional 48,352 shares during the quarter. Kestra Advisory Services LLC’s holdings in FS KKR Capital were worth $7,947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSK. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of FS KKR Capital in the fourth quarter worth about $26,000. Jessup Wealth Management Inc bought a new position in FS KKR Capital in the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC purchased a new position in FS KKR Capital in the 4th quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in FS KKR Capital in the 4th quarter valued at approximately $31,000. Finally, Basepoint Wealth LLC bought a new stake in FS KKR Capital during the 4th quarter valued at $31,000. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Trading Up 0.1%

Shares of FS KKR Capital stock opened at $10.81 on Tuesday. FS KKR Capital Corp. has a 1 year low of $9.72 and a 1 year high of $22.68. The firm has a market cap of $3.03 billion, a PE ratio of -5.49 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.00 and a quick ratio of 2.00. The company has a 50 day simple moving average of $10.71 and a two-hundred day simple moving average of $11.72.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The company had revenue of $304.00 million during the quarter, compared to the consensus estimate of $316.81 million. FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.FS KKR Capital’s quarterly revenue was down 24.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Analysts expect that FS KKR Capital Corp. will post 1.64 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th were given a $0.42 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.68 annualized dividend and a yield of 15.5%. FS KKR Capital’s payout ratio is -85.28%.

Wall Street Analyst Weigh In

FSK has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered 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. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods lowered their price objective on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $11.00 price objective on shares of FS KKR Capital in a research note on Tuesday, May 12th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $10.58.

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.