BI Asset Management Fondsmaeglerselskab A S Sells 18,510 Shares of FS KKR Capital Corp. (NYSE:FSK)

BI Asset Management Fondsmaeglerselskab A S trimmed its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141,930 shares of the company's stock after selling 18,510 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.05% of FS KKR Capital worth $3,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC grew its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after buying an additional 675 shares during the period. Jones Financial Companies Lllp raised its stake in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after buying an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $52,000. Anchor Investment Management LLC acquired a new stake in shares of FS KKR Capital in the 4th quarter valued at about $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock worth $60,000 after purchasing an additional 1,520 shares during the period. Institutional investors and hedge funds own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. Royal Bank of Canada upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, FS KKR Capital currently has a consensus rating of "Hold" and an average price target of $20.10.

FS KKR Capital Stock Performance

FSK stock traded up $0.12 during midday trading on Friday, reaching $20.16. The company had a trading volume of 836,961 shares, compared to its average volume of 1,486,676. The stock has a 50 day moving average price of $21.06 and a 200 day moving average price of $21.42. The firm has a market capitalization of $5.65 billion, a PE ratio of 10.72 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 - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $407.00 million for 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%. Analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.89%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's dividend payout ratio (DPR) is presently 122.49%.

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.