Mercer Global Advisors Inc. ADV raised its stake in FS KKR Capital Corp. (NYSE:FSK) by 108.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,712 shares of the company’s stock after buying an additional 32,626 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in FS KKR Capital were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Kohlberg Kravis Roberts & Co. L.P. lifted its stake in FS KKR Capital by 25.0% in the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 4,902,197 shares of the company’s stock valued at $97,211,000 after buying an additional 980,587 shares during the period. Beach Point Capital Management LP lifted its stake in FS KKR Capital by 62.0% in the second quarter. Beach Point Capital Management LP now owns 3,923,156 shares of the company’s stock valued at $84,387,000 after buying an additional 1,500,932 shares during the period. Advisor Group Holdings Inc. lifted its stake in FS KKR Capital by 83.5% in the second quarter. Advisor Group Holdings Inc. now owns 2,336,165 shares of the company’s stock valued at $50,268,000 after buying an additional 1,063,339 shares during the period. Van ECK Associates Corp raised its position in shares of FS KKR Capital by 152.7% during the second quarter. Van ECK Associates Corp now owns 2,313,235 shares of the company’s stock worth $49,758,000 after purchasing an additional 1,397,664 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of FS KKR Capital by 277.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,286,791 shares of the company’s stock worth $49,189,000 after purchasing an additional 1,680,828 shares during the period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.
FSK has been the topic of a number of recent research reports. Royal Bank of Canada initiated coverage on FS KKR Capital in a research report on Thursday, June 17th. They issued a “sector perform” rating and a $23.00 target price on the stock. Zacks Investment Research lowered FS KKR Capital from a “buy” rating to a “hold” rating in a research report on Thursday, August 12th. Finally, TheStreet raised FS KKR Capital from a “c” rating to a “b-” rating in a research report on Tuesday, June 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.10.
FSK stock opened at $21.99 on Wednesday. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average price of $22.16 and a two-hundred day moving average price of $21.48. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 2.15 and a beta of 1.60. FS KKR Capital Corp. has a twelve month low of $14.22 and a twelve month high of $23.44.
FS KKR Capital (NYSE:FSK) last issued its earnings results on Monday, August 9th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.13. FS KKR Capital had a return on equity of 8.39% and a net margin of 212.44%. The company had revenue of $206.00 million during the quarter, compared to the consensus estimate of $146.75 million. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 4th. Stockholders of record on Wednesday, September 15th will be paid a dividend of $0.65 per share. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 11.82%. The ex-dividend date of this dividend is Tuesday, September 14th. FS KKR Capital’s payout ratio is currently 94.55%.
FS KKR Capital Profile
FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment and finance company that invests primarily in the debt securities of private middle market U.S. companies. Its objectives are to generate current income and, to a lesser extent, long-term capital appreciation.
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