FS KKR Capital Corp. (NYSE:FSK) Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 43.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,128 shares of the company’s stock after selling 2,378 shares during the period. CoreCap Advisors LLC’s holdings in FS KKR Capital were worth $68,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of FSK. Marshall & Sterling Wealth Advisors Inc. acquired a new position in FS KKR Capital during the 4th quarter worth about $33,000. Jones Financial Companies Lllp lifted its stake in FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after acquiring an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in FS KKR Capital during the 4th quarter worth about $52,000. Anchor Investment Management LLC acquired a new position in FS KKR Capital during the 4th quarter worth about $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after acquiring an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analysts Set New Price Targets

FSK has been the topic of several research reports. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Oppenheimer reduced their price target on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Friday, May 9th. Royal Bank of Canada increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price target 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. Finally, B. Riley started coverage on FS KKR Capital in a research report on Tuesday. They issued a “neutral” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.67.

FS KKR Capital Trading Up 1.0%

FSK opened at $20.79 on Wednesday. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The company has a market cap of $5.82 billion, a P/E ratio of 11.06 and a beta of 0.98. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The business’s 50-day simple moving average is $20.24 and its 200-day simple moving average is $21.39.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $400.00 million for 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 firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a yield of 12.31%. FS KKR Capital’s dividend payout ratio is presently 134.74%.

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.