Northern Trust Corp Has $2.34 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Northern Trust Corp decreased its position in FS KKR Capital Corp. (NYSE:FSK) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,590 shares of the company’s stock after selling 10,155 shares during the quarter. Northern Trust Corp’s holdings in FS KKR Capital were worth $2,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FSK. Generali Asset Management SPA SGR acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $17,608,000. Van ECK Associates Corp grew its position in shares of 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 valued at $139,469,000 after purchasing an additional 673,420 shares during the last quarter. Transce3nd LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $11,173,000. Raymond James Financial Inc. acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $6,499,000. Finally, Strategic Financial Concepts LLC grew its position in shares of FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after purchasing an additional 289,278 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analysts Set New Price Targets

FSK has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reduced 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. Wells Fargo & Company reduced their price target on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced their price target on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. B. Riley initiated coverage on FS KKR Capital in a research report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price target on the stock. Finally, Royal Bank of Canada reduced their price target on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $19.50.

FS KKR Capital Stock Up 0.5%

NYSE FSK opened at $20.93 on Monday. The business has a fifty day moving average price of $20.10 and a two-hundred day moving average price of $21.43. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The stock has a market capitalization of $5.86 billion, a PE ratio of 11.13 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $400.00 million during the quarter, compared to analysts’ expectations of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. FS KKR Capital’s revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. Equities analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 12.23%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital’s dividend payout ratio (DPR) is presently 134.74%.

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.