World Investment Advisors Acquires 70,285 Shares of FS KKR Capital Corp. $FSK

World Investment Advisors raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 439.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,263 shares of the company’s stock after purchasing an additional 70,285 shares during the quarter. World Investment Advisors’ holdings in FS KKR Capital were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FSK. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of FS KKR Capital in the 4th quarter worth approximately $26,000. Jessup Wealth Management Inc acquired a new stake in FS KKR Capital in the 4th quarter valued at $26,000. FNY Investment Advisers LLC bought a new stake in FS KKR Capital in the fourth quarter valued at $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in FS KKR Capital in the fourth quarter valued at $31,000. Finally, Basepoint Wealth LLC acquired a new position in FS KKR Capital during the fourth quarter worth $31,000. 36.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Truist Financial reduced their price target on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $11.00 price target on shares of FS KKR Capital in a research report on Tuesday, May 12th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $10.58.

FS KKR Capital Price Performance

Shares of FSK stock opened at $10.28 on Monday. FS KKR Capital Corp. has a 1 year low of $9.72 and a 1 year high of $22.68. The firm’s 50 day moving average is $10.81 and its 200-day moving average is $12.27. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -5.22 and a beta of 0.83. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.38.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Monday, May 11th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The company had revenue of $304.00 million for the quarter, compared to the consensus estimate of $316.81 million. FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. FS KKR Capital’s revenue for the quarter was down 24.0% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. Sell-side analysts forecast that FS KKR Capital Corp. will post 1.66 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 16.4%. The ex-dividend date is Wednesday, June 17th. FS KKR Capital’s dividend payout ratio (DPR) is presently -85.28%.

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.