JPMorgan Chase & Co. Sells 72,406 Shares of FS KKR Capital Corp. (NYSE:FSK)

JPMorgan Chase & Co. cut its stake in FS KKR Capital Corp. (NYSE:FSK) by 68.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,765 shares of the company’s stock after selling 72,406 shares during the quarter. JPMorgan Chase & Co.’s holdings in FS KKR Capital were worth $712,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FSK. Kendall Capital Management lifted its holdings in shares of FS KKR Capital by 2.3% during the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock worth $497,000 after purchasing an additional 517 shares during the period. Endowment Wealth Management Inc. boosted its stake in shares of FS KKR Capital by 0.6% during the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock worth $1,977,000 after acquiring an additional 582 shares in the last quarter. Lloyd Advisory Services LLC. grew its holdings in 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 purchasing an additional 667 shares during the period. McIlrath & Eck LLC increased its holdings in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after acquiring an additional 675 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its stake in shares of FS KKR Capital by 6.4% during the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock worth $245,000 after purchasing an additional 679 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Monday. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price objective on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.90.

FS KKR Capital Stock Down 0.8 %

Shares of FS KKR Capital stock opened at $20.11 on Wednesday. The company has a market capitalization of $5.63 billion, a P/E ratio of 10.70 and a beta of 0.98. The company has a 50 day moving average of $20.83 and a 200 day moving average of $21.43. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. 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 (NYSE:FSK) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. As a group, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.92%. FS KKR Capital’s payout ratio is 122.49%.

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.