Callodine Capital Management LP Trims Position in FS KKR Capital Corp. (NYSE:FSK)

Callodine Capital Management LP cut its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 436,271 shares of the company's stock after selling 37,938 shares during the period. FS KKR Capital makes up 2.0% of Callodine Capital Management LP's portfolio, making the stock its 19th largest holding. Callodine Capital Management LP owned about 0.16% of FS KKR Capital worth $9,476,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FSK. Kingswood Wealth Advisors LLC boosted its holdings in FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock valued at $4,878,000 after acquiring an additional 104,016 shares during the period. Inspire Advisors LLC boosted its stake in shares of FS KKR Capital by 28.6% during the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company's stock valued at $2,387,000 after purchasing an additional 24,443 shares during the period. Proactive Wealth Strategies LLC grew its holdings in shares of FS KKR Capital by 24.8% in the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company's stock worth $1,411,000 after purchasing an additional 12,926 shares during the last quarter. Graypoint LLC increased its stake in FS KKR Capital by 23.1% in the 4th quarter. Graypoint LLC now owns 139,504 shares of the company's stock worth $3,030,000 after buying an additional 26,174 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in FS KKR Capital by 15.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company's stock valued at $4,473,000 after buying an additional 27,110 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FSK has been the topic of a number of research reports. Wells Fargo & Company lowered shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. Royal Bank of Canada raised their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.70.

FS KKR Capital Stock Up 1.8 %

Shares of FSK stock traded up $0.34 during mid-day trading on Wednesday, hitting $19.75. 661,992 shares of the stock traded hands, compared to its average volume of 1,485,300. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market cap of $5.53 billion, a P/E ratio of 10.51 and a beta of 0.98. The stock's fifty day moving average is $21.21 and its two-hundred day moving average is $21.43. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued 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). The business had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 14.18%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital's payout ratio is currently 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.