Tudor Investment Corp ET AL Sells 650,507 Shares of FS KKR Capital Corp. $FSK

Tudor Investment Corp ET AL decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 84.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 118,153 shares of the company’s stock after selling 650,507 shares during the period. Tudor Investment Corp ET AL’s holdings in FS KKR Capital were worth $1,764,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FSK. Balyasny Asset Management L.P. purchased a new position in FS KKR Capital during the 3rd quarter valued at about $21,917,000. Van ECK Associates Corp lifted its holdings in shares of FS KKR Capital by 23.3% in the third quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock worth $59,566,000 after buying an additional 752,956 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of FS KKR Capital by 4,863.0% in the third quarter. Gateway Wealth Partners LLC now owns 723,508 shares of the company’s stock worth $10,802,000 after buying an additional 708,930 shares in the last quarter. North Ground Capital boosted its position in shares of FS KKR Capital by 3,743.8% in the third quarter. North Ground Capital now owns 615,000 shares of the company’s stock valued at $9,182,000 after acquiring an additional 599,000 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in FS KKR Capital during the third quarter valued at approximately $6,702,000. Institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on FSK shares. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. B. Riley Financial decreased 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 report on Tuesday, March 3rd. Keefe, Bruyette & Woods lowered their price objective on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada dropped their price objective on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, February 27th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $13.36.

FS KKR Capital Price Performance

FSK stock opened at $9.91 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05. FS KKR Capital Corp. has a one year low of $9.72 and a one year high of $22.68. The stock has a market cap of $2.77 billion, a PE ratio of 330.17 and a beta of 0.86. The firm has a 50 day simple moving average of $12.22 and a two-hundred day simple moving average of $14.18.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. The company had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $361.59 million. During the same quarter last year, the business posted $0.66 EPS. On average, analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s dividend payout ratio (DPR) is presently 6,000.00%.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was purchased at an average price of $11.25 per share, with a total value of $56,250.00. Following the completion of the purchase, the insider directly owned 64,800 shares in the company, valued at approximately $729,000. This trade represents a 8.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

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.