Squarepoint Ops LLC Reduces Stake in FS KKR Capital Corp. (NYSE:FSK)

Squarepoint Ops LLC cut its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,955 shares of the company's stock after selling 22,402 shares during the quarter. Squarepoint Ops LLC's holdings in FS KKR Capital were worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Advisors LLC lifted its position in FS KKR Capital by 28.6% in the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company's stock worth $2,387,000 after buying an additional 24,443 shares during the last quarter. Proactive Wealth Strategies LLC lifted its position in FS KKR Capital by 24.8% in the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company's stock worth $1,411,000 after buying an additional 12,926 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in FS KKR Capital by 15.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company's stock worth $4,473,000 after buying an additional 27,110 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in FS KKR Capital in the fourth quarter worth $348,000. Finally, Ascent Capital Management LLC bought a new stake in FS KKR Capital in the fourth quarter worth $470,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Down 0.3%

Shares of FSK stock traded down $0.07 on Thursday, hitting $21.07. The stock had a trading volume of 908,657 shares, compared to its average volume of 1,464,336. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average price of $20.15 and a 200 day moving average price of $21.43. The company has a market cap of $5.90 billion, a PE ratio of 11.20 and a beta of 0.98. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The firm's quarterly revenue was down 7.8% compared to the same quarter last year. Research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business 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 $0.64 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a yield of 12.15%. FS KKR Capital's dividend payout ratio (DPR) is presently 134.74%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FSK. Keefe, Bruyette & Woods decreased their target price on 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. decreased their target price on 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. Royal Bank of Canada decreased 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 report on Thursday, May 15th. Wells Fargo & Company decreased their target price on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Finally, B. Riley assumed coverage on FS KKR Capital in a research report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 target price for the company. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, FS KKR Capital has a consensus rating of "Hold" and an average price target of $19.50.

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.