FS KKR Capital Corp. (NYSE:FSK) Position Lowered by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in FS KKR Capital Corp. (NYSE:FSK) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 486,603 shares of the company’s stock after selling 4,997 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in FS KKR Capital were worth $9,717,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of FSK. Center for Financial Planning Inc. lifted its holdings in FS KKR Capital by 147.6% in the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after acquiring an additional 1,179 shares during the last quarter. Planned Solutions Inc. bought a new position in FS KKR Capital in the fourth quarter worth about $40,000. Provence Wealth Management Group bought a new position in FS KKR Capital in the third quarter worth about $45,000. Citigroup Inc. lifted its holdings in FS KKR Capital by 587.2% in the third quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after acquiring an additional 2,114 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in FS KKR Capital by 20.8% in the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Daniel Pietrzak acquired 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $18.73 per share, with a total value of $136,729.00. Following the purchase, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

FS KKR Capital Stock Performance

Shares of NYSE:FSK opened at $19.43 on Wednesday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 7.80 and a beta of 1.25. FS KKR Capital Corp. has a 1-year low of $17.50 and a 1-year high of $20.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a 50 day moving average price of $19.16 and a 200 day moving average price of $19.67.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The firm had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $452.39 million. During the same period last year, the firm posted $0.81 earnings per share. On average, research analysts anticipate that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 13.18%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is 102.81%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial dropped their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, February 28th. Hovde Group restated a “market perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Wells Fargo & Company raised their price objective on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.17.

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.