FS KKR Capital Corp. $FSK Holdings Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 713,670 shares of the company’s stock after purchasing an additional 81,653 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.25% of FS KKR Capital worth $7,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position 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 during the period. Van ECK Associates Corp increased its position in FS KKR Capital by 2.4% in the fourth quarter. Van ECK Associates Corp now owns 4,083,940 shares of the company’s stock worth $60,484,000 after buying an additional 94,262 shares during the period. UBS Group AG lifted its stake in FS KKR Capital by 15.3% in the fourth quarter. UBS Group AG now owns 3,806,076 shares of the company’s stock valued at $56,368,000 after buying an additional 505,982 shares during the last quarter. Oak Hill Advisors LP bought a new stake in FS KKR Capital in the fourth quarter valued at $38,659,000. Finally, Legal & General Group Plc boosted its holdings in shares of FS KKR Capital by 15.3% during the fourth quarter. Legal & General Group Plc now owns 2,296,070 shares of the company’s stock valued at $33,993,000 after acquiring an additional 304,556 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 price objective on shares of FS KKR Capital in a research report on Tuesday, May 12th. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a report on Tuesday, June 2nd. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, FS KKR Capital currently has a consensus rating of “Reduce” and an average price target of $10.58.

FS KKR Capital Price Performance

Shares of FSK opened at $10.92 on Friday. FS KKR Capital Corp. has a one year low of $9.72 and a one year high of $22.68. The stock’s fifty day moving average is $10.69 and its 200-day moving average is $11.64. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -5.54 and a beta of 0.82.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data 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). The company had revenue of $304.00 million during the quarter, compared to analyst estimates of $316.81 million. FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.The business’s revenue for the quarter was down 24.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. Equities analysts anticipate that FS KKR Capital Corp. will post 1.64 EPS for the current year.

FS KKR Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 17th were issued a $0.42 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.68 annualized dividend and a dividend yield of 15.4%. FS KKR Capital’s dividend payout ratio (DPR) is -85.28%.

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.