53,350 Shares in FS KKR Capital Corp. $FSK Bought by Compass Financial Management LLC

Compass Financial Management LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,350 shares of the company’s stock, valued at approximately $595,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of FS KKR Capital by 55,074.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,741,004 shares of the company’s stock worth $114,644,000 after purchasing an additional 7,726,974 shares in the last quarter. Van ECK Associates Corp increased its position in FS KKR Capital by 2.4% in the 4th quarter. Van ECK Associates Corp now owns 4,083,940 shares of the company’s stock valued at $60,484,000 after buying an additional 94,262 shares in the last quarter. UBS Group AG increased its position in FS KKR Capital by 15.3% in the 4th quarter. UBS Group AG now owns 3,806,076 shares of the company’s stock valued at $56,368,000 after buying an additional 505,982 shares in the last quarter. Saba Capital Management L.P. acquired a new position in FS KKR Capital during the 1st quarter worth approximately $35,729,000. Finally, Oak Hill Advisors LP acquired a new position in FS KKR Capital during the 4th quarter worth approximately $38,659,000. 36.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of FS KKR Capital in a research note on Tuesday, June 2nd. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Capital One Financial set a $12.00 price target on shares of FS KKR Capital in a research report on Friday, August 7th. Wells Fargo & Company decreased their price target on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, FS KKR Capital presently has an average rating of “Reduce” and a consensus target price of $11.43.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $11.92 on Monday. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of -8.83 and a beta of 0.83. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28. FS KKR Capital Corp. has a fifty-two week low of $9.72 and a fifty-two week high of $18.25. The firm’s 50-day simple moving average is $11.00 and its 200 day simple moving average is $11.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company posted ($0.75) EPS. As a group, research analysts anticipate that FS KKR Capital Corp. will post 1.64 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Wednesday, September 16th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 14.8%. FS KKR Capital’s payout ratio is presently -124.44%.

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.