Rockefeller Capital Management L.P. Sells 470,716 Shares of FS KKR Capital Corp. (NYSE:FSK)

Rockefeller Capital Management L.P. reduced its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 62.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 285,156 shares of the company's stock after selling 470,716 shares during the period. Rockefeller Capital Management L.P. owned 0.10% of FS KKR Capital worth $6,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kendall Capital Management raised its stake in shares of FS KKR Capital by 2.3% in the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company's stock valued at $497,000 after acquiring an additional 517 shares during the last quarter. Endowment Wealth Management Inc. increased its holdings in FS KKR Capital by 0.6% during the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company's stock valued at $1,977,000 after purchasing an additional 582 shares in the last quarter. Lloyd Advisory Services LLC. raised its position in FS KKR Capital by 6.7% in the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company's stock valued at $232,000 after purchasing an additional 667 shares during the last quarter. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock worth $41,000 after purchasing an additional 675 shares in the last quarter. Finally, Wagner Wealth Management LLC grew its holdings 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 purchasing an additional 679 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 2.3 %

Shares of FS KKR Capital stock traded up $0.45 on Wednesday, hitting $19.86. 463,594 shares of the company's stock traded hands, compared to its average volume of 1,484,541. The firm's 50-day moving average price is $21.21 and its two-hundred day moving average price is $21.43. 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 stock has a market capitalization of $5.56 billion, a PE ratio of 10.56 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 released its 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 during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. On average, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 14.10%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's payout ratio is 122.49%.

Analyst Upgrades and Downgrades

FSK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut 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. Royal Bank of Canada increased their price target on shares of 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. JPMorgan Chase & Co. boosted their target price on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $21.00 to $19.00 in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.70.

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.