Focus Partners Advisor Solutions LLC Invests $2.42 Million in FS KKR Capital Corp. $FSK

Focus Partners Advisor Solutions LLC acquired a new position in FS KKR Capital Corp. (NYSE:FSK) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 230,514 shares of the company’s stock, valued at approximately $2,420,000. Focus Partners Advisor Solutions LLC owned approximately 0.08% of FS KKR Capital as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FSK. Jessup Wealth Management Inc purchased a new position in FS KKR Capital during the 4th quarter valued at about $26,000. Basepoint Wealth LLC purchased a new stake in shares of FS KKR Capital in the fourth quarter valued at about $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of FS KKR Capital by 201.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,678 shares of the company’s stock valued at $40,000 after purchasing an additional 1,789 shares in the last quarter. Knott David M Jr acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $43,000. Finally, Kingdom Financial Group LLC. acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $50,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on FSK shares. Capital One Financial set a $12.00 price objective on FS KKR Capital in a research report on Friday, August 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 target price (up from $11.00) on shares of FS KKR Capital in a report on Wednesday. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of FS KKR Capital in a report on Tuesday, June 2nd. Finally, Truist Financial upped their price objective on FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Reduce” and an average price target of $11.21.

FS KKR Capital Stock Performance

Shares of FSK opened at $12.37 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.00 and a current ratio of 2.28. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -9.16 and a beta of 0.83. The company’s 50 day simple moving average is $10.90 and its 200 day simple moving average is $11.19. FS KKR Capital Corp. has a 1 year low of $9.72 and a 1 year high of $18.25.

FS KKR Capital (NYSE:FSK) last released its earnings results on Thursday, August 6th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $290.00 million during 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 period in the previous year, the company earned ($0.75) EPS. On average, sell-side analysts predict that FS KKR Capital Corp. will post 1.64 EPS for the current year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 14.2%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, September 16th. FS KKR Capital’s payout ratio is -124.44%.

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.