Andina Capital Management LLC Has $5.73 Million Stock Position in FS KKR Capital Corp. $FSK

Andina Capital Management LLC lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 66.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 563,305 shares of the company’s stock after purchasing an additional 224,221 shares during the quarter. FS KKR Capital accounts for 5.1% of Andina Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Andina Capital Management LLC’s holdings in FS KKR Capital were worth $5,734,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FSK. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in FS KKR Capital in the 4th quarter valued at $26,000. Jessup Wealth Management Inc acquired a new position in FS KKR Capital during the fourth quarter worth $26,000. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital in the fourth quarter valued at $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of FS KKR Capital during the fourth quarter valued at about $31,000. Finally, Basepoint Wealth LLC acquired a new position in shares of FS KKR Capital during the fourth quarter valued at about $31,000. 36.26% of the stock is currently owned by institutional investors.

More FS KKR Capital News

Here are the key news stories impacting FS KKR Capital this week:

• Neutral Sentiment: Multiple law firms issued class-action reminders and lead-plaintiff deadline notices for FSK shareholders, increasing the stock’s litigation overhang. Article title
• Neutral Sentiment: Rosen Law Firm and others highlighted July lead-plaintiff deadlines, keeping the lawsuit in focus and potentially discouraging sentiment until the case progresses. Article title
• Neutral Sentiment: Earlier earnings results missed analyst estimates, with revenue down year over year, leaving the stock vulnerable to added downside when legal headlines surface. Article title

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FSK shares. 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. Royal Bank Of Canada reiterated a “sector perform” rating and set a $11.00 price target on shares of FS KKR Capital in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. Truist Financial lowered their price objective on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. 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 research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, FS KKR Capital presently has a consensus rating of “Reduce” and a consensus target price of $10.58.

FS KKR Capital Stock Performance

FSK stock opened at $10.23 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.38. The firm has a market cap of $2.87 billion, a PE ratio of -5.19 and a beta of 0.83. The business has a 50 day moving average of $10.82 and a 200-day moving average of $12.19. FS KKR Capital Corp. has a 12-month low of $9.72 and a 12-month high of $22.68.

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). FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.The business had revenue of $304.00 million during the quarter, compared to analysts’ expectations of $316.81 million. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was down 24.0% on a year-over-year basis. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 1.66 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.68 annualized dividend and a yield of 16.4%. FS KKR Capital’s dividend payout ratio is presently -85.28%.

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.