FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 50.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,443 shares of the company's stock after selling 15,633 shares during the period. Cerity Partners LLC's holdings in FS KKR Capital were worth $335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC grew its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after acquiring an additional 675 shares in the last quarter. Jones Financial Companies Lllp grew its stake in FS KKR Capital by 194.5% during 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 in the last quarter. FNY Investment Advisers LLC purchased a new position in FS KKR Capital during the fourth quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock valued at $60,000 after acquiring an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in FS KKR Capital during the fourth quarter valued at $69,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Down 1.7 %

NYSE FSK traded down $0.35 during midday trading on Tuesday, hitting $19.92. 216,421 shares of the company traded hands, compared to its average volume of 1,484,675. 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 cap of $5.58 billion, a PE ratio of 10.58 and a beta of 0.98. The company's 50-day simple moving average is $20.90 and its 200-day simple moving average is $21.44. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. As a group, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 14.06%. FS KKR Capital's dividend payout ratio is presently 122.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of 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. JPMorgan Chase & Co. decreased their price objective on 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 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. Finally, Royal Bank of Canada upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $19.90.

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.