Andina Capital Management LLC Purchases 110,109 Shares of FS KKR Capital Corp. $FSK

Andina Capital Management LLC lifted its position in FS KKR Capital Corp. (NYSE:FSK) by 48.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 339,084 shares of the company’s stock after acquiring an additional 110,109 shares during the period. FS KKR Capital makes up 3.0% of Andina Capital Management LLC’s portfolio, making the stock its 8th largest position. Andina Capital Management LLC’s holdings in FS KKR Capital were worth $5,022,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Kovack Advisors Inc. boosted its stake in FS KKR Capital by 42.4% during the fourth quarter. Kovack Advisors Inc. now owns 294,468 shares of the company’s stock worth $4,166,000 after buying an additional 87,664 shares during the last quarter. Wescott Financial Advisory Group LLC boosted its stake in 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 buying an additional 1,079 shares during the last quarter. Gateway Wealth Partners LLC boosted its stake in FS KKR Capital by 2.6% during the fourth quarter. Gateway Wealth Partners LLC now owns 742,539 shares of the company’s stock worth $10,997,000 after buying an additional 19,031 shares during the last quarter. Inceptionr LLC acquired a new position in FS KKR Capital during the fourth quarter worth $471,000. Finally, M Holdings Securities Inc. acquired a new position in FS KKR Capital during the fourth quarter worth $865,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting FS KKR Capital

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $11.00 target price on shares of FS KKR Capital in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods decreased their target price on 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. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FS KKR Capital currently has an average rating of “Reduce” and an average target price of $10.58.

FS KKR Capital Price Performance

FSK stock opened at $10.84 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $3.04 billion, a P/E ratio of -5.50 and a beta of 0.83. The business’s 50-day moving average is $10.80 and its two-hundred day moving average is $12.49. FS KKR Capital Corp. has a 1 year low of $9.72 and a 1 year high of $22.68.

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). The business had revenue of $304.00 million for 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%.FS KKR Capital’s revenue was down 24.0% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Analysts anticipate that FS KKR Capital Corp. will post 1.66 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

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

FS KKR Capital Company 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.