Compass Financial Management LLC Purchases Shares of 53,350 FS KKR Capital Corp. $FSK

Compass Financial Management LLC purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 53,350 shares of the company’s stock, valued at approximately $595,000.

Several other large investors have also recently modified their holdings of FSK. Northwestern Mutual Wealth Management Co. bought a new stake in shares of FS KKR Capital in the second quarter worth $53,000. CFO4Life Group LLC bought a new position in FS KKR Capital during the 2nd quarter worth $243,000. Quantbot Technologies LP bought a new position in FS KKR Capital during the 2nd quarter worth $288,000. Lalia Capital LLC acquired a new position in FS KKR Capital during the 2nd quarter worth about $9,693,000. Finally, JB Capital Partners LP acquired a new position in FS KKR Capital during the 2nd quarter worth about $393,750,000. Institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on FSK shares. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Capital One Financial set a $12.00 price objective on FS KKR Capital in a research report on Friday, August 7th. Truist Financial lifted 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. Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 target price (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, FS KKR Capital currently has an average rating of “Reduce” and an average price target of $11.43.

FS KKR Capital Stock Performance

Shares of FSK opened at $11.92 on Monday. 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 firm’s fifty day simple moving average is $11.00 and its two-hundred day simple moving average is $11.10. FS KKR Capital Corp. has a 12 month low of $9.72 and a 12 month high of $18.25. The stock has a market capitalization of $3.29 billion, a P/E ratio of -8.83 and a beta of 0.83.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm 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 period last year, the company posted ($0.75) EPS. As a group, analysts predict that FS KKR Capital Corp. will post 1.64 EPS for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Wednesday, September 16th will be issued a $0.44 dividend. The ex-dividend date is Wednesday, September 16th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 14.8%. FS KKR Capital’s dividend payout ratio is presently -124.44%.

About FS KKR Capital

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.