Envestnet Asset Management Inc. Sells 185,684 Shares of FS KKR Capital Corp. (NYSE:FSK)

Envestnet Asset Management Inc. lowered its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 34.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 348,178 shares of the company's stock after selling 185,684 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of FS KKR Capital worth $7,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FSK. McIlrath & Eck LLC grew its stake in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after acquiring an additional 675 shares during the period. Jones Financial Companies Lllp increased its stake in shares of FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after purchasing an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital during the 4th quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock valued at $60,000 after buying an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new stake in FS KKR Capital in the 4th quarter worth $69,000. Institutional investors own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday. Royal Bank of Canada lifted 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. Wells Fargo & Company lowered shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, FS KKR Capital has an average rating of "Hold" and an average price target of $20.10.

FS KKR Capital Trading Up 0.2 %

FSK traded up $0.05 during trading on Friday, reaching $20.09. The company had a trading volume of 206,460 shares, compared to its average volume of 1,484,251. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10. The stock has a market cap of $5.63 billion, a P/E ratio of 10.68 and a beta of 0.98. The business has a 50 day simple moving average of $21.06 and a 200-day simple moving average of $21.42.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $407.00 million during the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 13.94%. FS KKR Capital's dividend payout ratio (DPR) is 122.49%.

FS KKR Capital Company 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.