D. E. Shaw & Co. Inc. reduced its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 46.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,191 shares of the company's stock after selling 126,667 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.05% of FS KKR Capital worth $3,154,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in FSK. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of FS KKR Capital in the 4th quarter worth about $33,000. Jones Financial Companies Lllp lifted its holdings in shares of FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after acquiring an additional 1,554 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of FS KKR Capital in the 4th quarter worth about $54,000. Roxbury Financial LLC bought a new stake in shares of FS KKR Capital in the 4th quarter worth about $69,000. Finally, RE Dickinson Investment Advisors LLC lifted its holdings in shares of FS KKR Capital by 16.5% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 4,847 shares of the company's stock worth $105,000 after acquiring an additional 686 shares during the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.
FS KKR Capital Trading Up 1.4%
NYSE FSK opened at $21.21 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 11.28 and a beta of 0.98. The company's 50-day simple moving average is $20.12 and its two-hundred day simple moving average is $21.41. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10.
FS KKR Capital (NYSE:FSK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. The business had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.
FS KKR Capital Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.07%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's payout ratio is currently 134.74%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on FSK shares. B. Riley started coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 target price for the company. Royal Bank of Canada lowered their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a report on Thursday. Keefe, Bruyette & Woods lowered their target price 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. Oppenheimer decreased their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, FS KKR Capital presently has an average rating of "Hold" and a consensus target price of $19.50.
Get Our Latest Stock Report on FS KKR Capital
FS KKR Capital Profile
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider FS KKR Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FS KKR Capital wasn't on the list.
While FS KKR Capital currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
