FS KKR Capital Corp. (NYSE:FSK) Stock Position Trimmed by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co reduced its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,442 shares of the company's stock after selling 14,376 shares during the period. CANADA LIFE ASSURANCE Co owned 0.08% of FS KKR Capital worth $4,609,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company reduced their target price on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada upped their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $19.90.

FS KKR Capital Stock Performance

Shares of FSK traded down $0.22 during mid-day trading on Wednesday, hitting $19.90. The stock had a trading volume of 931,346 shares, compared to its average volume of 1,487,793. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.57 billion, a PE ratio of 10.59 and a beta of 0.98. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The company's fifty day simple moving average is $20.75 and its two-hundred day simple moving average is $21.42.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. On average, equities analysts expect 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. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 14.07%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's dividend payout ratio (DPR) is presently 122.49%.

About FS KKR Capital

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.