Principal Street Partners LLC Lowers Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Principal Street Partners LLC reduced its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,142 shares of the company's stock after selling 11,732 shares during the quarter. Principal Street Partners LLC's holdings in FS KKR Capital were worth $329,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake 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 valued at $139,469,000 after purchasing an additional 673,420 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in FS KKR Capital by 2.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company's stock valued at $94,989,000 after purchasing an additional 91,192 shares during the last quarter. LPL Financial LLC raised its stake in FS KKR Capital by 3.5% in the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company's stock valued at $77,837,000 after purchasing an additional 119,593 shares during the last quarter. Ameriprise Financial Inc. raised its stake in FS KKR Capital by 8.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company's stock valued at $30,827,000 after purchasing an additional 106,641 shares during the last quarter. Finally, Transcend Capital Advisors LLC raised its stake in FS KKR Capital by 10.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock valued at $29,862,000 after purchasing an additional 128,856 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on FSK. Keefe, Bruyette & Woods reduced their price objective 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. Wells Fargo & Company cut their target price on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Royal Bank of Canada cut their target price 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. JPMorgan Chase & Co. cut their target price on 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. Finally, Oppenheimer cut their target price 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. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $19.50.

FS KKR Capital Trading Up 0.5%

Shares of FSK traded up $0.10 during midday trading on Friday, reaching $20.93. The company had a trading volume of 640,317 shares, compared to its average volume of 1,477,236. The stock has a market cap of $5.86 billion, a PE ratio of 11.13 and a beta of 0.98. 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 1-year low of $17.42 and a 1-year high of $24.10. The firm has a 50 day simple moving average of $20.10 and a 200-day simple moving average of $21.42.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company's revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $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 declared 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 12.23%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's dividend payout ratio is presently 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.