Squarepoint Ops LLC Has $564,000 Stake in FS KKR Capital Corp. (NYSE:FSK)

Squarepoint Ops LLC reduced its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,955 shares of the company's stock after selling 22,402 shares during the period. Squarepoint Ops LLC's holdings in FS KKR Capital were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of FS KKR Capital during the fourth quarter worth $33,000. Jones Financial Companies Lllp boosted its position 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 valued at $51,000 after acquiring an additional 1,554 shares during the period. Anchor Investment Management LLC bought a new stake in shares of FS KKR Capital in the fourth quarter valued at about $54,000. Roxbury Financial LLC bought a new stake in shares of FS KKR Capital in the fourth quarter valued at about $69,000. Finally, RE Dickinson Investment Advisors LLC boosted its position in shares of FS KKR Capital by 16.5% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 4,847 shares of the company's stock valued at $105,000 after acquiring an additional 686 shares during the period. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

FSK traded up $0.26 on Friday, hitting $21.30. 854,049 shares of the stock were exchanged, compared to its average volume of 1,464,756. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The business has a 50-day moving average of $20.15 and a two-hundred day moving average of $21.43. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.33 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $400.00 million during the quarter, compared to analysts' expectations of $395.22 million. During the same quarter in the prior year, the business posted $0.62 earnings per share. FS KKR Capital's revenue was down 7.8% compared to the same quarter last year. Sell-side 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 paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 12.02%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's payout ratio is 134.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FSK. B. Riley began coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 target price for the company. Royal Bank of Canada reduced 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 research report on Thursday, May 15th. JPMorgan Chase & Co. reduced their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Oppenheimer reduced their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a research report on Friday, May 9th. Finally, Keefe, Bruyette & Woods reduced 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 research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $19.50.

About FS KKR Capital

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.