Lido Advisors LLC Grows Holdings in FS KKR Capital Corp. $FSK

Lido Advisors LLC increased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 452.0% during the 4th quarter, Holdings Channel reports. The firm owned 589,139 shares of the company’s stock after purchasing an additional 482,412 shares during the quarter. Lido Advisors LLC’s holdings in FS KKR Capital were worth $8,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FSK. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 purchasing an additional 7,726,974 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in FS KKR Capital during the third quarter worth about $21,917,000. Van ECK Associates Corp boosted its holdings in 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 purchasing an additional 752,956 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in FS KKR Capital by 4,863.0% during the third quarter. Gateway Wealth Partners LLC now owns 723,508 shares of the company’s stock worth $10,802,000 after purchasing an additional 708,930 shares during the last quarter. Finally, UBS Group AG boosted its holdings in 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 purchasing an additional 505,982 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Key FS KKR Capital News

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

• Neutral Sentiment: Several law firms, including Glancy Prongay Wolke & Rotter, Bragar Eagel & Squire, Faruqi & Faruqi, Rosen, and others, issued reminders about upcoming lead-plaintiff deadlines in the FS KKR Capital securities class action. Article: Deadline Alert
• Neutral Sentiment: Bronstein, Gewirtz & Grossman and other firms confirmed that a class action has been filed against FS KKR Capital and certain officers, adding to the legal scrutiny surrounding the company. Article: Class Action Filed Alleging Investor Harm
• Neutral Sentiment: The lawsuits appear to focus on alleged disclosure issues and investor harm during the class period, but no new operational update or financial guidance was announced in these reports. Article: FSK Shareholder Alert
• Negative Sentiment: The legal headlines add uncertainty for shareholders and can pressure the stock as investors factor in possible settlement costs, legal expenses, and reputational damage. Article: Securities Fraud Class Action Lawsuit

FS KKR Capital Stock Down 2.2%

FSK opened at $10.73 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.38. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -5.44 and a beta of 0.83. FS KKR Capital Corp. has a twelve month low of $9.72 and a twelve month high of $22.68. The company’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $12.64.

FS KKR Capital (NYSE:FSK) last released its earnings results on Monday, May 11th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The company had revenue of $304.00 million during the quarter, compared to analysts’ expectations 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 revenue was down 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. As a group, equities analysts expect that FS KKR Capital Corp. will post 1.66 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 17th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.68 annualized dividend and a dividend yield of 15.7%. FS KKR Capital’s payout ratio is -91.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FSK shares. Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 price target on shares of FS KKR Capital in a report on Tuesday, May 12th. Wells Fargo & Company cut 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 report on Tuesday, May 12th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Truist Financial dropped their target price on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. dropped 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 note on Friday, March 13th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, FS KKR Capital currently has a consensus rating of “Reduce” and a consensus target price of $10.58.

FS KKR Capital 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.