BI Asset Management Fondsmaeglerselskab A S Trims Holdings in FS KKR Capital Corp. (NYSE:FSK)

BI Asset Management Fondsmaeglerselskab A S decreased its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,930 shares of the company's stock after selling 18,510 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.05% of FS KKR Capital worth $3,083,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Generali Asset Management SPA SGR purchased a new stake in FS KKR Capital in the fourth quarter worth $17,608,000. Van ECK Associates Corp increased its holdings in FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock worth $139,469,000 after acquiring an additional 673,420 shares during the last quarter. Raymond James Financial Inc. bought a new stake in FS KKR Capital in the 4th quarter valued at about $6,499,000. Strategic Financial Concepts LLC lifted its holdings in FS KKR Capital by 2,029.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock valued at $6,593,000 after purchasing an additional 289,278 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new position in shares of FS KKR Capital in the fourth quarter worth about $4,871,000. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock traded up $0.12 during trading on Friday, hitting $20.16. The stock had a trading volume of 837,001 shares, compared to its average volume of 1,487,786. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 10.72 and a beta of 0.98. The business's 50-day moving average is $20.98 and its 200 day moving average is $21.42.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 13.89%. FS KKR Capital's dividend payout ratio (DPR) is presently 122.49%.

Analysts Set New Price Targets

A number of analysts recently commented on FSK shares. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday. Keefe, Bruyette & Woods dropped their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company downgraded FS KKR Capital from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.10.

FS KKR Capital Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.