FS KKR Capital Corp. $FSK Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 42.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,468 shares of the company’s stock after acquiring an additional 87,664 shares during the quarter. Kovack Advisors Inc. owned 0.11% of FS KKR Capital worth $4,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FSK. Northwestern Mutual Wealth Management Co. increased its stake in shares of FS KKR Capital by 55,074.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,741,004 shares of the company’s stock worth $114,644,000 after acquiring an additional 7,726,974 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of FS KKR Capital during the third quarter worth about $21,917,000. Van ECK Associates Corp increased its stake in shares of FS KKR Capital by 23.3% during the third quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock worth $59,566,000 after acquiring an additional 752,956 shares during the period. UBS Group AG increased its stake in shares of FS KKR Capital by 15.3% during the fourth quarter. UBS Group AG now owns 3,806,076 shares of the company’s stock worth $56,368,000 after acquiring an additional 505,982 shares during the period. Finally, Lido Advisors LLC increased its stake in shares of FS KKR Capital by 452.0% during the fourth 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. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSK has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $11.00 price target on shares of FS KKR Capital in a research note on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $10.58.

FS KKR Capital Trading Down 1.5%

Shares of FSK opened at $10.84 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.38. The firm’s 50-day moving average is $10.80 and its two-hundred day moving average is $12.49. FS KKR Capital Corp. has a twelve month low of $9.72 and a twelve month high of $22.68. The firm has a market capitalization of $3.04 billion, a P/E ratio of -5.50 and a beta of 0.83.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Monday, May 11th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.The company had revenue of $304.00 million for the quarter, compared to analyst estimates of $316.81 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s quarterly revenue was down 24.0% compared to the same quarter last year. On average, research analysts predict that FS KKR Capital Corp. will post 1.66 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 15.5%. The ex-dividend date of this dividend is Wednesday, June 17th. FS KKR Capital’s dividend payout ratio is -91.37%.

FS KKR Capital News Roundup

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

• Negative Sentiment: Investors are being reminded of a pending class action alleging securities-law violations at FS KKR Capital, which can weigh on sentiment and raise concerns about legal costs, management distraction, and potential settlement risk. Levi & Korsinsky Deadline Alert
• Negative Sentiment: One notice says claims focus on alleged misrepresentations about non-accrual portfolio management that allegedly led to about $880 million in fair value losses across two corrective disclosures, increasing the perceived severity of the case. Levi & Korsinsky Deadline Alert
• Neutral Sentiment: Several firms are simply advertising the approaching July 3 or July 6 lead-plaintiff deadlines, which adds headline noise but does not provide new operational news about the business. Faruqi & Faruqi Shareholder Notice

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.