Y Intercept Hong Kong Ltd Increases Holdings in FS KKR Capital Corp. $FSK

Y Intercept Hong Kong Ltd boosted its position in FS KKR Capital Corp. (NYSE:FSK) by 2,599.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 414,788 shares of the company’s stock after buying an additional 399,420 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.15% of FS KKR Capital worth $4,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Titan Investment Management LLC acquired a new position in FS KKR Capital in the 4th quarter valued at $1,863,000. Bulldog Investors LLP acquired a new stake in shares of FS KKR Capital in the third quarter valued at about $3,600,000. UBS Group AG lifted its stake in shares of FS KKR Capital by 15.3% in the fourth quarter. UBS Group AG now owns 3,806,076 shares of the company’s stock worth $56,368,000 after buying an additional 505,982 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in shares of FS KKR Capital by 48.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 313,615 shares of the company’s stock worth $4,645,000 after buying an additional 102,864 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in 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 worth $33,993,000 after acquiring an additional 304,556 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.0%

Shares of FSK stock opened at $10.44 on Monday. FS KKR Capital Corp. has a 1-year low of $9.72 and a 1-year high of $22.68. The firm has a market cap of $2.92 billion, a PE ratio of -5.30 and a beta of 0.82. The company has a 50-day moving average of $10.72 and a two-hundred day moving average of $11.90. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.00 and a quick ratio of 2.00.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.41 EPS 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 was down 24.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. On average, analysts predict that FS KKR Capital Corp. will post 1.66 EPS for the current year.

FS KKR Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 16.1%. The ex-dividend date of this dividend was Wednesday, June 17th. FS KKR Capital’s payout ratio is currently -85.28%.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 target price on shares of FS KKR Capital in a report on Tuesday, May 12th. Keefe, Bruyette & Woods dropped their price target on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. JPMorgan Chase & Co. cut their price target on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $10.58.

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.