Diligent Investors LLC Has $1.25 Million Holdings in FS KKR Capital Corp. (NYSE:FSK)

Diligent Investors LLC decreased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 17.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,552 shares of the company's stock after selling 12,500 shares during the quarter. Diligent Investors LLC's holdings in FS KKR Capital were worth $1,248,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Generali Asset Management SPA SGR bought a new position in FS KKR Capital in the 4th quarter worth $17,608,000. Van ECK Associates Corp raised its holdings in FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock worth $139,469,000 after acquiring an additional 673,420 shares during the period. Transce3nd LLC bought a new position in FS KKR Capital in the 4th quarter worth $11,173,000. Raymond James Financial Inc. bought a new position in FS KKR Capital in the 4th quarter worth $6,499,000. Finally, Strategic Financial Concepts LLC raised its holdings in FS KKR Capital by 2,029.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock worth $6,593,000 after acquiring an additional 289,278 shares during the period. Institutional investors and hedge funds own 36.26% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FSK. Keefe, Bruyette & Woods dropped their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. 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 on the stock. JPMorgan Chase & Co. decreased their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company decreased their price target 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, Royal Bank of Canada decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $19.50.

FS KKR Capital Price Performance

Shares of NYSE:FSK traded up $0.26 during midday trading on Friday, reaching $21.30. 854,049 shares of the company's stock were exchanged, compared to its average volume of 1,467,357. The company's 50 day simple moving average is $20.15 and its two-hundred day simple moving average is $21.43. The firm has a market capitalization of $5.97 billion, a PE ratio of 11.33 and a beta of 0.97. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. 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 (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The company had revenue of $400.00 million during 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 firm's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. Equities research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.02%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's payout ratio is 134.74%.

FS KKR Capital 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.