Intellectus Partners LLC Has $2.02 Million Stock Position in FS KKR Capital Corp. $FSK

Intellectus Partners LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK) by 62.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 136,434 shares of the company’s stock after purchasing an additional 52,573 shares during the quarter. Intellectus Partners LLC’s holdings in FS KKR Capital were worth $2,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lido Advisors LLC boosted its position in FS KKR Capital by 452.0% during the 4th quarter. Lido Advisors LLC now owns 589,139 shares of the company’s stock worth $8,725,000 after acquiring an additional 482,412 shares during the period. Marble Wealth LLC acquired a new stake in FS KKR Capital during the 4th quarter worth about $1,567,000. Dover Advisors LLC boosted its position in FS KKR Capital by 19.9% during the 4th quarter. Dover Advisors LLC now owns 45,888 shares of the company’s stock worth $680,000 after acquiring an additional 7,623 shares during the period. Calton & Associates Inc. boosted its position in FS KKR Capital by 20.7% during the 4th quarter. Calton & Associates Inc. now owns 53,878 shares of the company’s stock worth $798,000 after acquiring an additional 9,227 shares during the period. Finally, Founders Financial Securities LLC boosted its position in FS KKR Capital by 99.3% during the 4th quarter. Founders Financial Securities LLC now owns 63,196 shares of the company’s stock worth $936,000 after acquiring an additional 31,487 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

More FS KKR Capital News

Here are the key news stories impacting FS KKR Capital this week:

• Positive Sentiment: The company extended the maturity of a key loan facility at a subsidiary, which helps reduce near-term refinancing pressure and supports liquidity management. FS KKR Capital Extends Key Loan Facility Maturity
• Positive Sentiment: FS KKR Capital priced a $900 million unsecured notes offering, and KBRA assigned the new debt a BBB- rating with a Stable outlook, suggesting access to capital on reasonable terms and potential flexibility to repay secured debt. KBRA Assigns Rating to FS KKR Capital Corp.’s $900 Million Senior Unsecured Notes Due 2031
• Positive Sentiment: The company also priced the $900 million senior unsecured notes offering, which may strengthen funding and balance-sheet flexibility. FSK Prices Public Offering of $900,000,000 7.500% Unsecured Notes Due 2031
• Neutral Sentiment: Several law firms issued reminders about an ongoing securities class action and the July 6 lead-plaintiff deadline. These notices add uncertainty, but they are largely procedural at this stage. FS KKR Capital Corp. (FSK) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
• Neutral Sentiment: The company drew more attention from investor-rights firms as the class action moved forward, but no court outcome or financial penalty has been announced yet. Bronstein, Gewirtz & Grossman LLC Urges FS KKR Capital Corp. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: Multiple securities-fraud lawsuits and deadline reminders may be weighing on sentiment, as they center on alleged misleading statements about distribution sustainability and investor losses. FSK DEADLINE: Levi & Korsinsky Reminds FS KKR CAPITAL CORP. Investors of Upcoming Securities Class Action Deadline
• Negative Sentiment: FS KKR Capital’s recent earnings missed expectations, with lower revenue and earnings than a year earlier, reinforcing concerns about operating performance.

FS KKR Capital Stock Down 1.0%

Shares of FS KKR Capital stock opened at $10.80 on Thursday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of -5.48 and a beta of 0.83. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.00 and a quick ratio of 2.00. FS KKR Capital Corp. has a 52-week low of $9.72 and a 52-week high of $22.68. The stock has a 50-day simple moving average of $10.71 and a 200-day simple moving average of $12.69.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $304.00 million for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was down 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, equities research analysts expect that FS KKR Capital Corp. will post 1.66 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 17th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 15.6%. The ex-dividend date is Wednesday, June 17th. FS KKR Capital’s payout ratio is currently -91.37%.

Wall Street Analyst Weigh In

FSK has been the subject of a number of research reports. Truist Financial decreased their price objective on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, March 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 research report on Tuesday, May 12th. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, March 13th. Finally, Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $10.58.

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.