Mercer Global Advisors Inc. ADV Sells 53,614 Shares of FS KKR Capital Corp. (NYSE:FSK)

Mercer Global Advisors Inc. ADV lowered its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 40.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,447 shares of the company's stock after selling 53,614 shares during the period. Mercer Global Advisors Inc. ADV's holdings in FS KKR Capital were worth $1,682,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Generali Asset Management SPA SGR bought a new stake in shares of FS KKR Capital during the 4th quarter worth $17,608,000. Van ECK Associates Corp raised its position in FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock worth $139,469,000 after acquiring an additional 673,420 shares during the period. Transce3nd LLC bought a new stake in FS KKR Capital in the fourth quarter worth about $11,173,000. Raymond James Financial Inc. purchased a new position in FS KKR Capital in the fourth quarter valued at about $6,499,000. Finally, Strategic Financial Concepts LLC grew its position in shares of FS KKR Capital by 2,029.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock valued at $6,593,000 after acquiring an additional 289,278 shares during the period. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock traded down $0.13 on Friday, reaching $19.91. The stock had a trading volume of 1,259,929 shares, compared to its average volume of 1,488,175. The business's 50 day moving average is $20.28 and its two-hundred day moving average is $21.39. The company has a current ratio of 2.96, a quick 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 company has a market cap of $5.58 billion, a P/E ratio of 10.59 and a beta of 0.98.

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, topping the consensus estimate of $0.64 by $0.01. The business had revenue of $400.00 million for the quarter, compared to analysts' expectations of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 annualized dividend and a dividend yield of 12.86%. FS KKR Capital's payout ratio is currently 134.74%.

Analysts Set New Price Targets

A number of research firms recently commented on FSK. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Oppenheimer cut their price target 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. Wells Fargo & Company decreased their price objective on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. dropped their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Royal Bank of Canada lifted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.08.

FS KKR Capital Company 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.