FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Principal Street Partners LLC

Principal Street Partners LLC decreased its position in FS KKR Capital Corp. (NYSE:FSK) by 43.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,142 shares of the company’s stock after selling 11,732 shares during the quarter. Principal Street Partners LLC’s holdings in FS KKR Capital were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Kendall Capital Management lifted its holdings 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 buying an additional 517 shares during the period. Endowment Wealth Management Inc. lifted its holdings in shares of FS KKR Capital by 0.6% in the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock valued at $1,977,000 after buying an additional 582 shares during the period. Lloyd Advisory Services LLC. lifted its holdings in shares of 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 period. Wagner Wealth Management LLC lifted its holdings in shares of FS KKR Capital by 6.4% in the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock valued at $245,000 after buying an additional 679 shares during the period. Finally, RE Dickinson Investment Advisors LLC lifted its holdings in shares of FS KKR Capital by 16.5% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 4,847 shares of the company’s stock valued at $105,000 after buying an additional 686 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSK. B. Riley began coverage on FS KKR Capital in a report on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective 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 cut their target price on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their target price 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, Oppenheimer cut their target price 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. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and an average price target of $19.50.

FS KKR Capital Stock Up 0.2%

Shares of FS KKR Capital stock opened at $21.40 on Wednesday. The stock’s fifty day moving average is $20.13 and its 200-day moving average is $21.42. The firm has a market capitalization of $5.99 billion, a PE ratio of 11.38 and a beta of 0.98. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its 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 company had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. FS KKR Capital’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. Equities analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share 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. Investors of record on Wednesday, June 18th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 11.96%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital’s payout ratio is 134.74%.

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.