Two Sigma Investments LP trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 86.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,309 shares of the company's stock after selling 295,536 shares during the quarter. Two Sigma Investments LP's holdings in FS KKR Capital were worth $984,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in FSK. Marshall & Sterling Wealth Advisors Inc. bought a new stake in FS KKR Capital during the fourth quarter valued at about $33,000. Jones Financial Companies Lllp increased its position in FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after buying an additional 1,554 shares during the period. Anchor Investment Management LLC acquired a new position in shares of FS KKR Capital during the fourth quarter worth approximately $54,000. Roxbury Financial LLC bought a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $69,000. Finally, RE Dickinson Investment Advisors LLC grew its stake 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 worth $105,000 after acquiring an additional 686 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FSK. Keefe, Bruyette & Woods reduced their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. B. Riley assumed coverage on FS KKR Capital in a report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 price target for the company. Royal Bank of Canada reduced their price objective 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 lowered their price objective on 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, 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. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, FS KKR Capital has a consensus rating of "Hold" and a consensus target price of $19.50.
Check Out Our Latest Stock Analysis on FSK
FS KKR Capital Price Performance
Shares of FSK traded up $0.11 during mid-day trading on Monday, reaching $21.41. The company had a trading volume of 994,973 shares, compared to its average volume of 1,465,468. 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 company has a market capitalization of $5.99 billion, a P/E ratio of 11.39 and a beta of 0.97. FS KKR Capital Corp. has a twelve month low of $17.42 and a twelve month high of $24.10. The company's 50-day moving average is $20.15 and its 200-day moving average is $21.43.
FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. On average, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.
FS KKR Capital Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 yield of 11.96%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio is currently 134.74%.
FS KKR Capital Profile
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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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