476,366 Shares in FS KKR Capital Corp. $FSK Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 476,366 shares of the company’s stock, valued at approximately $5,002,000.

A number of other institutional investors have also recently added to or reduced their stakes in FSK. Bison Wealth LLC increased its position in FS KKR Capital by 3.4% in the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after buying an additional 720 shares during the period. Acorn Wealth Advisors LLC boosted its holdings in shares of FS KKR Capital by 1.4% during the fourth quarter. Acorn Wealth Advisors LLC now owns 65,079 shares of the company’s stock valued at $964,000 after acquiring an additional 914 shares during the period. Rockport Wealth LLC boosted its holdings in shares of FS KKR Capital by 9.8% during the first quarter. Rockport Wealth LLC now owns 11,367 shares of the company’s stock valued at $116,000 after acquiring an additional 1,018 shares during the period. Delta Investment Management LLC grew its position in shares of FS KKR Capital by 4.6% during the fourth quarter. Delta Investment Management LLC now owns 24,086 shares of the company’s stock worth $357,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC grew its position in shares of FS KKR Capital by 3.9% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 28,412 shares of the company’s stock worth $421,000 after acquiring an additional 1,079 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

FSK opened at $12.24 on Friday. The business has a 50 day moving average price of $11.13 and a two-hundred day moving average price of $11.08. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of -9.07 and a beta of 0.83. 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 posted 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 company had revenue of $290.00 million for the quarter, compared to the consensus estimate of $286.75 million. FS KKR Capital had a positive return on equity of 9.70% and a negative net margin of 28.52%.During the same quarter in the previous year, the business earned ($0.75) EPS. Research analysts predict that FS KKR Capital Corp. will post 1.64 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 16th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 14.4%. FS KKR Capital’s dividend payout ratio is presently -124.44%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 price objective (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday, August 12th. Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Truist Financial raised their price target on shares of FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Seven 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, the stock currently has a consensus rating of “Reduce” and a consensus price target of $11.43.

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.