FS KKR Capital Corp. $FSK Shares Purchased by MGO One Seven LLC

MGO One Seven LLC raised its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 502,817 shares of the company’s stock after purchasing an additional 19,336 shares during the quarter. MGO One Seven LLC’s holdings in FS KKR Capital were worth $10,433,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in FS KKR Capital by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock valued at $5,612,000 after purchasing an additional 32,258 shares in the last quarter. Legacy Capital Group California Inc. raised its stake in FS KKR Capital by 14.2% during the second quarter. Legacy Capital Group California Inc. now owns 199,187 shares of the company’s stock valued at $4,133,000 after buying an additional 24,758 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in FS KKR Capital by 35.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock valued at $607,000 after buying an additional 7,620 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in FS KKR Capital during the first quarter valued at approximately $6,383,000. Finally, Oppenheimer & Co. Inc. raised its stake in FS KKR Capital by 5.9% during the first quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock valued at $356,000 after buying an additional 945 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock in a research note on Monday, October 6th. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.75.

FS KKR Capital Stock Down 1.5%

NYSE:FSK opened at $14.16 on Monday. The stock has a 50 day moving average of $16.96 and a 200-day moving average of $19.39. FS KKR Capital Corp. has a 52 week low of $14.05 and a 52 week high of $24.10. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same period last year, the company posted $0.75 earnings per share. Sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 18.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is 328.21%.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.