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

World Investment Advisors increased its position in FS KKR Capital Corp. (NYSE:FSK) by 439.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 86,263 shares of the company’s stock after acquiring an additional 70,285 shares during the period. World Investment Advisors’ holdings in FS KKR Capital were worth $1,278,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FSK. JPMorgan Chase & Co. lowered their price target on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, March 13th. Keefe, Bruyette & Woods dropped their price target on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Wells Fargo & Company decreased their price objective on FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $11.00 target price on shares of FS KKR Capital in a research report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $10.58.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $10.28 on Monday. The firm has a market cap of $2.88 billion, a P/E ratio of -5.22 and a beta of 0.83. The business’s 50 day moving average is $10.81 and its 200-day moving average is $12.27. 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 Corp. has a 1-year low of $9.72 and a 1-year high of $22.68.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Monday, May 11th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The business had revenue of $304.00 million during 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%. The company’s revenue was down 24.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. Equities research analysts predict that FS KKR Capital Corp. will post 1.66 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.68 annualized dividend and a dividend yield of 16.4%. FS KKR Capital’s payout ratio is -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.