Focus Partners Advisor Solutions LLC reduced its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,474 shares of the company's stock after selling 20,725 shares during the period. Focus Partners Advisor Solutions LLC's holdings in FS KKR Capital were worth $2,247,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of FSK. Barclays PLC increased its holdings in shares of FS KKR Capital by 24.8% in the third quarter. Barclays PLC now owns 327,469 shares of the company's stock worth $6,460,000 after purchasing an additional 65,054 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in FS KKR Capital by 258.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 105,171 shares of the company's stock valued at $2,075,000 after buying an additional 75,811 shares in the last quarter. HB Wealth Management LLC increased its stake in FS KKR Capital by 11.2% in the 4th quarter. HB Wealth Management LLC now owns 19,228 shares of the company's stock worth $418,000 after acquiring an additional 1,943 shares during the last quarter. Advisory Alpha LLC bought a new stake in FS KKR Capital in the 4th quarter worth approximately $395,000. Finally, GoalVest Advisory LLC raised its holdings in shares of FS KKR Capital by 5.0% during the 4th quarter. GoalVest Advisory LLC now owns 57,702 shares of the company's stock worth $1,253,000 after acquiring an additional 2,750 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.
FS KKR Capital Trading Up 1.0%
NYSE FSK traded up $0.21 on Tuesday, hitting $21.14. 338,667 shares of the stock were exchanged, compared to its average volume of 1,475,754. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. The firm has a market capitalization of $5.92 billion, a P/E ratio of 11.24 and a beta of 0.98. The stock has a fifty day moving average price of $20.11 and a two-hundred day moving average price of $21.43.
FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $400.00 million during the quarter, compared to analysts' expectations of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. Research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.
FS KKR Capital Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a dividend yield of 12.11%. FS KKR Capital's dividend payout ratio (DPR) is presently 134.74%.
Wall Street Analyst Weigh In
FSK has been the subject of a number of recent research reports. B. Riley initiated 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. 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. JPMorgan Chase & Co. dropped 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 research note on Thursday, April 24th. Wells Fargo & Company decreased 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, April 28th. Finally, Oppenheimer lowered their price target 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. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $19.50.
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About FS KKR Capital
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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.
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