CANADA LIFE ASSURANCE Co Sells 14,376 Shares of FS KKR Capital Corp. (NYSE:FSK)

CANADA LIFE ASSURANCE Co trimmed its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.3% in the 4th quarter, Holdings Channel reports. The firm owned 212,442 shares of the company’s stock after selling 14,376 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in FS KKR Capital were worth $4,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSK. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after buying an additional 675 shares during the last quarter. Jones Financial Companies Lllp increased its position 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 during the last quarter. FNY Investment Advisers LLC bought a new position in FS KKR Capital in the fourth quarter valued at about $52,000. Anchor Investment Management LLC purchased a new position in FS KKR Capital in the fourth quarter worth about $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $20.02 on Friday. The stock has a market cap of $5.61 billion, a PE ratio of 10.65 and a beta of 0.98. FS KKR Capital Corp. has a 1 year low of $17.42 and a 1 year high of $24.10. The firm has a fifty day moving average price of $21.06 and a 200-day moving average price of $21.42. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business 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%. Equities analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 13.99%. FS KKR Capital’s dividend payout ratio is presently 122.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FSK shares. JPMorgan Chase & Co. lowered 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 research note on Thursday. Keefe, Bruyette & Woods decreased 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 research report on Tuesday, April 8th. Royal Bank of Canada boosted their price objective on shares of 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. Finally, Wells Fargo & Company cut FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock 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 assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.10.

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.