Csenge Advisory Group Buys Shares of 61,450 FS KKR Capital Corp. $FSK

Csenge Advisory Group bought a new stake in FS KKR Capital Corp. (NYSE:FSK) during the second quarter, Holdings Channel reports. The institutional investor bought 61,450 shares of the company’s stock, valued at approximately $645,000.

Other hedge funds have also made changes to their positions in the company. Jessup Wealth Management Inc purchased a new position in FS KKR Capital during the fourth quarter valued at approximately $26,000. Harborfront Financial Group LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth approximately $30,000. Basepoint Wealth LLC purchased a new stake in FS KKR Capital in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its stake in shares of FS KKR Capital by 201.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,678 shares of the company’s stock valued at $40,000 after buying an additional 1,789 shares during the period. Finally, Knott David M Jr acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at $43,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

FSK opened at $11.91 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26. The stock’s 50 day moving average price is $10.99 and its two-hundred day moving average price is $11.11. The firm has a market capitalization of $3.29 billion, a P/E ratio of -8.82 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.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. FS KKR Capital had a positive return on equity of 9.70% and a negative net margin of 28.52%.The company had revenue of $290.00 million during the quarter, compared to analyst estimates of $286.75 million. During the same period in the previous year, the company earned ($0.75) earnings per share. On average, equities analysts forecast that FS KKR Capital Corp. will post 1.64 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Wednesday, September 16th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 14.8%. This is an increase 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 payout ratio is presently -124.44%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Capital One Financial set a $12.00 price target on shares of FS KKR Capital in a research note on Friday, August 7th. Wells Fargo & Company reduced their price objective on 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. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $11.43.

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.