GraniteShares Advisors LLC Acquires 75,031 Shares of FS KKR Capital Corp. $FSK

GraniteShares Advisors LLC boosted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 39.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,098 shares of the company’s stock after purchasing an additional 75,031 shares during the quarter. FS KKR Capital makes up 1.9% of GraniteShares Advisors LLC’s portfolio, making the stock its 12th biggest holding. GraniteShares Advisors LLC’s holdings in FS KKR Capital were worth $2,902,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FSK. Soltis Investment Advisors LLC boosted its stake in FS KKR Capital by 5.5% in the 3rd quarter. Soltis Investment Advisors LLC now owns 41,186 shares of the company’s stock worth $453,000 after buying an additional 2,154 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in FS KKR Capital by 8.8% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 255,705 shares of the company’s stock valued at $2,810,000 after buying an additional 20,781 shares during the period. Generali Asset Management SPA SGR grew its holdings in FS KKR Capital by 0.7% in the 3rd quarter. Generali Asset Management SPA SGR now owns 2,546,341 shares of the company’s stock valued at $27,984,000 after buying an additional 17,116 shares during the period. Roman Butler Fullerton & Co. acquired a new position in shares of FS KKR Capital during the 3rd quarter valued at about $204,000. Finally, Park Avenue Securities LLC increased its stake in shares of FS KKR Capital by 40.5% during the 3rd quarter. Park Avenue Securities LLC now owns 44,352 shares of the company’s stock valued at $487,000 after acquiring an additional 12,784 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FSK. Capital One Financial set a $12.00 price objective on shares of FS KKR Capital in a report on Friday, August 7th. Wells Fargo & Company downgraded shares of FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 target price for the company. in a report on Tuesday, September 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 target price (up from $11.00) on shares of FS KKR Capital in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a research note on Friday, August 28th. Finally, Wall Street Zen raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, FS KKR Capital has an average rating of “Reduce” and an average price target of $11.43.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $11.44 on Tuesday. FS KKR Capital Corp. has a twelve month low of $9.72 and a twelve month high of $16.31. The stock has a market capitalization of $3.16 billion, a P/E ratio of -8.47 and a beta of 0.86. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26. The business’s fifty day moving average price is $11.30 and its 200 day moving average price is $11.36.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $290.00 million during the quarter, compared to the consensus estimate of $286.75 million. FS KKR Capital had a positive return on equity of 9.70% and a negative net margin of 28.52%. During the same quarter in the previous year, the business earned ($0.75) earnings per share. As a group, research analysts anticipate that FS KKR Capital Corp. will post 1.64 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. FS KKR Capital’s payout ratio is currently -130.37%.

About FS KKR Capital

FS KKR Capital Corp. (NYSE: FSK) is a business development company (BDC) that provides financing to private middle-market companies. The company primarily invests in senior secured loans and other debt instruments, while also making select equity investments. Its portfolio companies generally operate across a range of industries and are typically based in the United States.

FSK is externally managed by FS/KKR Advisor, LLC, a joint venture between FS Investments and KKR. The adviser combines FS Investments’ experience in serving individual and institutional investors with KKR’s global investment platform and private credit capabilities.

The company traces its history to FS Investment Corporation and Corporate Capital Trust, which combined in 2018 to create FS KKR Capital Corp.