FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 75.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,189 shares of the company's stock after purchasing an additional 26,703 shares during the period. Bank of New York Mellon Corp's holdings in FS KKR Capital were worth $1,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wescott Financial Advisory Group LLC lifted its position in shares of FS KKR Capital by 2.9% during the third quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company's stock worth $417,000 after purchasing an additional 600 shares during the last quarter. Lloyd Advisory Services LLC. increased its position in shares of FS KKR Capital by 6.7% during the fourth quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company's stock worth $232,000 after acquiring an additional 667 shares during the period. McIlrath & Eck LLC raised its stake in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after acquiring an additional 675 shares in the last quarter. Wagner Wealth Management LLC boosted its holdings in shares of FS KKR Capital by 6.4% in the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company's stock valued at $245,000 after purchasing an additional 679 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in FS KKR Capital by 5.0% in the fourth quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company's stock worth $321,000 after purchasing an additional 689 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

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FS KKR Capital Trading Down 0.7 %

Shares of NYSE FSK traded down $0.16 during trading on Thursday, hitting $21.11. 1,242,167 shares of the company were exchanged, compared to its average volume of 1,377,021. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a 12-month low of $18.53 and a 12-month high of $24.10. The company has a fifty day moving average price of $22.58 and a 200-day moving average price of $21.46. The firm has a market capitalization of $5.91 billion, a PE ratio of 11.23 and a beta of 1.22.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted 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 firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 13.27%. FS KKR Capital's dividend payout ratio is currently 122.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FSK shares. B. Riley downgraded FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods lifted their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company downgraded shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $21.00 to $19.00 in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $21.30.

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.