JPMorgan Chase & Co. Cuts Stake in FS KKR Capital Corp. (NYSE:FSK)

JPMorgan Chase & Co. trimmed its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 68.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,765 shares of the company's stock after selling 72,406 shares during the quarter. JPMorgan Chase & Co.'s holdings in FS KKR Capital were worth $712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kendall Capital Management grew its position in shares of FS KKR Capital by 2.3% in the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company's stock valued at $497,000 after buying an additional 517 shares during the last quarter. Endowment Wealth Management Inc. increased its position in FS KKR Capital by 0.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company's stock worth $1,977,000 after buying an additional 582 shares during the period. Lloyd Advisory Services LLC. lifted its stake in FS KKR Capital by 6.7% in the fourth quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company's stock valued at $232,000 after buying an additional 667 shares during the last quarter. McIlrath & Eck LLC boosted its holdings in shares of FS KKR Capital by 47.5% in 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 during the period. Finally, Wagner Wealth Management LLC grew its position in shares of FS KKR Capital by 6.4% during the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company's stock worth $245,000 after acquiring an additional 679 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

FS KKR Capital Price Performance

NYSE:FSK traded up $0.39 during trading hours on Friday, hitting $19.98. The company's stock had a trading volume of 1,260,497 shares, compared to its average volume of 1,489,868. The company has a market capitalization of $5.60 billion, a PE ratio of 10.63 and a beta of 0.98. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. The business's 50-day moving average is $20.61 and its two-hundred day moving average is $21.41. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share 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 analysts' expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.01%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's dividend payout ratio is currently 122.49%.

Analyst Upgrades and Downgrades

FSK has been the subject of a number of recent research reports. Royal Bank of Canada increased their price target 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. Wells Fargo & Company dropped their price target 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. JPMorgan Chase & Co. dropped their target price on 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, Keefe, Bruyette & Woods decreased their price target on 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, FS KKR Capital presently has a consensus rating of "Hold" and an average target price of $19.90.

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.