BI Asset Management Fondsmaeglerselskab A S Has $3.38 Million Stock Holdings in FS KKR Capital Corp. $FSK

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 41.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,980 shares of the company’s stock after buying an additional 66,397 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in FS KKR Capital were worth $3,376,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. 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 worth $114,644,000 after buying an additional 7,726,974 shares during the period. Van ECK Associates Corp lifted its position in shares of FS KKR Capital by 23.3% in the 3rd 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 period. UBS Group AG lifted its position in shares of FS KKR Capital by 15.3% in the 4th 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 period. Legal & General Group Plc lifted its position in shares of FS KKR Capital by 15.3% in the 4th quarter. Legal & General Group Plc now owns 2,296,070 shares of the company’s stock worth $33,993,000 after purchasing an additional 304,556 shares during the period. Finally, CCLA Investment Management lifted its position in shares of FS KKR Capital by 1.0% in the 4th quarter. CCLA Investment Management now owns 1,720,929 shares of the company’s stock worth $25,469,000 after purchasing an additional 17,294 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FSK has been the topic of a number of recent analyst reports. B. Riley Financial dropped their price target on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. 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 report on Thursday, April 16th. Finally, Wells Fargo & Company dropped 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 research report on Tuesday, May 12th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, FS KKR Capital has a consensus rating of “Reduce” and an average target price of $10.58.

FS KKR Capital Stock Performance

NYSE:FSK opened at $10.64 on Tuesday. The company has a fifty day moving average of $10.74 and a 200-day moving average of $12.59. The firm has a market capitalization of $2.98 billion, a P/E ratio of -5.40 and a beta of 0.83. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.38. FS KKR Capital Corp. has a twelve month low of $9.72 and a twelve month high of $22.68.

FS KKR Capital (NYSE:FSK) last released 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 the consensus estimate 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 business’s revenue was down 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 1.66 EPS 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. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 15.8%. The ex-dividend date is Wednesday, June 17th. FS KKR Capital’s payout ratio is -91.37%.

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.