Invesco Ltd. Sells 39,301 Shares of FS KKR Capital Corp. $FSK

Invesco Ltd. trimmed its stake in FS KKR Capital Corp. (NYSE:FSK) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 693,162 shares of the company’s stock after selling 39,301 shares during the quarter. Invesco Ltd. owned approximately 0.25% of FS KKR Capital worth $14,522,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in FS KKR Capital in the fourth quarter valued at approximately $33,000. Fourth Dimension Wealth LLC bought a new position in FS KKR Capital in the fourth quarter valued at approximately $33,000. von Borstel & Associates Inc. bought a new position in FS KKR Capital in the first quarter valued at approximately $60,000. Creekmur Asset Management LLC grew its stake in FS KKR Capital by 76.9% in the first quarter. Creekmur Asset Management LLC now owns 3,106 shares of the company’s stock valued at $65,000 after purchasing an additional 1,350 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in FS KKR Capital by 52.8% in the first quarter. SJS Investment Consulting Inc. now owns 3,419 shares of the company’s stock valued at $72,000 after buying an additional 1,181 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. B. Riley assumed coverage on FS KKR Capital in a research note on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 price objective on the stock. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Oppenheimer dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Friday, May 9th. Royal Bank Of Canada dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 15th. Finally, Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, FS KKR Capital currently has a consensus rating of “Reduce” and a consensus price target of $18.92.

FS KKR Capital Trading Up 2.0%

Shares of NYSE:FSK opened at $18.0760 on Friday. FS KKR Capital Corp. has a 12-month low of $17.35 and a 12-month high of $24.10. The stock has a market cap of $5.06 billion, a PE ratio of 23.17 and a beta of 0.93. The business has a 50 day moving average of $20.41 and a 200-day moving average of $20.90. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th will be issued a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a dividend yield of 15.5%. The ex-dividend date is Wednesday, September 17th. FS KKR Capital’s dividend payout ratio is presently 328.21%.

FS KKR Capital 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.