Privium Fund Management UK Ltd Makes New Investment in FS KKR Capital Corp. $FSK

Privium Fund Management UK Ltd bought a new position in FS KKR Capital Corp. (NYSE:FSK) in the second quarter, Holdings Channel reports. The firm bought 41,175 shares of the company’s stock, valued at approximately $437,000. FS KKR Capital accounts for approximately 0.2% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 25th largest position.

Several other large investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in 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 valued at $114,644,000 after purchasing an additional 7,726,974 shares in the last quarter. Saba Capital Management L.P. acquired a new stake in shares of FS KKR Capital during the first quarter worth $35,729,000. Oak Hill Advisors LP purchased a new stake in shares of FS KKR Capital during the fourth quarter valued at $38,659,000. Cura Wealth Advisors LLC acquired a new position in shares of FS KKR Capital in the 2nd quarter valued at $22,391,000. Finally, Rivernorth Capital Management LLC increased its position in shares of FS KKR Capital by 580.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 2,097,170 shares of the company’s stock valued at $21,349,000 after acquiring an additional 1,789,090 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.0%

Shares of NYSE:FSK opened at $12.37 on Monday. FS KKR Capital Corp. has a 12-month low of $9.72 and a 12-month high of $18.25. The company has a market capitalization of $3.42 billion, a PE ratio of -9.16 and a beta of 0.83. The business has a 50 day moving average of $10.90 and a two-hundred day moving average of $11.17. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26.

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 business had revenue of $290.00 million for the quarter, compared to analysts’ expectations of $286.75 million. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. During the same quarter last year, the company earned ($0.75) EPS. As a group, analysts forecast that FS KKR Capital Corp. will post 1.64 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Wednesday, September 16th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 14.2%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 16th. FS KKR Capital’s payout ratio is currently -124.44%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday. Truist Financial lifted their target price on FS KKR Capital from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a research note on Tuesday, June 2nd. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, FS KKR Capital currently has a consensus rating of “Reduce” and an average target price of $11.21.

About FS KKR Capital

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.