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

Cerity Partners LLC trimmed its holdings in FS KKR Capital Corp. (NYSE:FSK) by 50.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,443 shares of the company’s stock after selling 15,633 shares during the period. Cerity Partners LLC’s holdings in FS KKR Capital were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Generali Asset Management SPA SGR bought a new stake in shares of FS KKR Capital in the 4th quarter valued at approximately $17,608,000. Van ECK Associates Corp boosted its holdings in FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares during the period. Raymond James Financial Inc. bought a new stake in FS KKR Capital during the fourth quarter valued at $6,499,000. Strategic Financial Concepts LLC raised its holdings in shares of FS KKR Capital by 2,029.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after purchasing an additional 289,278 shares during the period. Finally, Rik Saylor Financial Inc. bought a new position in shares of FS KKR Capital in the 4th quarter worth about $4,287,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

FSK stock opened at $19.70 on Thursday. The company has a 50-day simple moving average of $21.13 and a 200 day simple moving average of $21.42. The company has a market capitalization of $5.52 billion, a P/E ratio of 10.48 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 fifty-two week low of $17.42 and a fifty-two week high of $24.10.

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

FS KKR Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.21%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is presently 122.49%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their target price 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. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.70.

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.