FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 77.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,435 shares of the company's stock after selling 52,523 shares during the quarter. Cresset Asset Management LLC's holdings in FS KKR Capital were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSK. Kingswood Wealth Advisors LLC lifted its holdings in shares of FS KKR Capital by 86.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock valued at $4,878,000 after buying an additional 104,016 shares during the period. Inspire Advisors LLC lifted its holdings in shares of FS KKR Capital by 28.6% in the 4th quarter. Inspire Advisors LLC now owns 109,919 shares of the company's stock valued at $2,387,000 after buying an additional 24,443 shares during the period. Proactive Wealth Strategies LLC lifted its holdings in shares of FS KKR Capital by 24.8% in the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company's stock valued at $1,411,000 after buying an additional 12,926 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in shares of FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company's stock valued at $4,473,000 after buying an additional 27,110 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of FS KKR Capital in the 4th quarter valued at about $348,000. Institutional investors and hedge funds own 36.26% of the company's stock.

FS KKR Capital Price Performance

NYSE:FSK traded up $0.04 during trading hours on Tuesday, hitting $21.40. 734,868 shares of the stock were exchanged, compared to its average volume of 1,471,847. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. The firm's fifty day moving average price is $20.12 and its 200 day moving average price is $21.42. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.99 billion, a P/E ratio of 11.38 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The business had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business's revenue was down 7.8% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. As a group, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 11.96%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's payout ratio is currently 134.74%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FSK shares. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Oppenheimer cut their price target on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a research note on Friday, May 9th. B. Riley began coverage on FS KKR Capital in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 price target for the company. Finally, Royal Bank of Canada cut their price objective on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.50.

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.