International Assets Investment Management LLC Sells 170,422 Shares of FS KKR Capital Corp. (NYSE:FSK)

International Assets Investment Management LLC trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 47.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 189,434 shares of the company’s stock after selling 170,422 shares during the quarter. International Assets Investment Management LLC’s holdings in FS KKR Capital were worth $3,783,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in shares of FS KKR Capital by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock valued at $1,901,000 after acquiring an additional 570 shares during the period. Raleigh Capital Management Inc. grew its stake in FS KKR Capital by 20.8% during the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after buying an additional 575 shares in the last quarter. IFG Advisory LLC increased its holdings in FS KKR Capital by 0.7% in the 4th quarter. IFG Advisory LLC now owns 88,292 shares of the company’s stock valued at $1,763,000 after buying an additional 633 shares during the period. Envestnet Asset Management Inc. raised its position in shares of FS KKR Capital by 0.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,618 shares of the company’s stock valued at $4,442,000 after buying an additional 764 shares in the last quarter. Finally, CFO4Life Group LLC lifted its holdings in shares of FS KKR Capital by 2.7% during the 3rd quarter. CFO4Life Group LLC now owns 29,441 shares of the company’s stock worth $580,000 after acquiring an additional 784 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak bought 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, the insider now directly owns 39,800 shares of the company’s stock, valued at approximately $745,454. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $19.88 on Friday. The firm has a market cap of $5.57 billion, a P/E ratio of 7.98 and a beta of 1.23. The stock’s 50 day moving average is $19.05 and its 200 day moving average is $19.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting 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 company had revenue of $447.00 million for the quarter, compared to analyst estimates of $452.39 million. During the same period in the prior year, the firm posted $0.81 EPS. As a group, research analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 12.88%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is presently 102.81%.

Wall Street Analyst Weigh In

FSK has been the subject of several recent analyst reports. Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company increased their price target on 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. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada dropped their target price on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and an average target price of $20.17.

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.