FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its holdings in FS KKR Capital Corp. (NYSE:FSK) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 732,463 shares of the company’s stock after selling 126,413 shares during the period. Invesco Ltd. owned about 0.26% of FS KKR Capital worth $15,909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FSK. McIlrath & Eck LLC increased its stake in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the last quarter. Jones Financial Companies Lllp grew its holdings 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 bought a new stake in shares of FS KKR Capital in the 4th quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of FS KKR Capital by 122.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of FS KKR Capital during the fourth quarter worth about $69,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 2.1 %

Shares of NYSE FSK opened at $19.54 on Monday. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month high of $24.10. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 10.39 and a beta of 0.98. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock’s 50 day simple moving average is $21.37 and its 200 day simple moving average is $21.45.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were paid a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 14.33%. FS KKR Capital’s payout ratio is currently 122.49%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods dropped their price target on 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 lifted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company lowered shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $21.00 to $19.00 in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.70.

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.