CANADA LIFE ASSURANCE Co Sells 14,376 Shares of FS KKR Capital Corp. (NYSE:FSK)

CANADA LIFE ASSURANCE Co decreased its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,442 shares of the company's stock after selling 14,376 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.08% of FS KKR Capital worth $4,609,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kendall Capital Management raised its position in FS KKR Capital by 2.3% during the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company's stock valued at $497,000 after purchasing an additional 517 shares during the last quarter. Endowment Wealth Management Inc. increased its stake in shares of FS KKR Capital by 0.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company's stock valued at $1,977,000 after buying an additional 582 shares during the period. Lloyd Advisory Services LLC. raised its holdings 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 valued at $232,000 after acquiring an additional 667 shares in the last quarter. McIlrath & Eck LLC lifted its stake in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock worth $41,000 after acquiring an additional 675 shares during the period. Finally, Wagner Wealth Management LLC boosted its holdings in 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 acquiring an additional 679 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

Shares of FSK opened at $20.02 on Friday. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The firm's 50-day simple moving average is $21.06 and its two-hundred day simple moving average is $21.42. The stock has a market cap of $5.61 billion, a PE ratio of 10.65 and a beta of 0.98. 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 (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The company had revenue of $407.00 million for the quarter, compared to the consensus estimate 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 fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.99%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's dividend payout ratio is presently 122.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company cut shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and dropped 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 shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. reduced their target price on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, 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 research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.10.

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.

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