BluePointe Capital Management LLC Sells 12,418 Shares of FS KKR Capital Corp. (NYSE:FSK)

BluePointe Capital Management LLC decreased its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,547 shares of the company's stock after selling 12,418 shares during the quarter. BluePointe Capital Management LLC's holdings in FS KKR Capital were worth $1,489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in shares of FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after purchasing an additional 673,420 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of FS KKR Capital by 2.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company's stock valued at $94,989,000 after acquiring an additional 91,192 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in FS KKR Capital by 10.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock valued at $29,862,000 after purchasing an additional 128,856 shares in the last quarter. Strong Tower Advisory Services grew its holdings in FS KKR Capital by 3.5% during the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company's stock worth $23,252,000 after buying an additional 36,127 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in FS KKR Capital during the 4th quarter worth $17,608,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on FSK shares. B. Riley downgraded shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price for the company. in a report on Wednesday, December 11th. Royal Bank of Canada boosted their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods raised their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a 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 decreased their price objective for the stock from $21.00 to $19.00 in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $21.30.

FS KKR Capital Stock Performance

Shares of NYSE FSK traded up $0.26 during trading on Monday, reaching $21.00. 1,762,279 shares of the stock traded hands, compared to its average volume of 1,369,758. 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 capitalization of $5.88 billion, a P/E ratio of 11.17 and a beta of 1.22. FS KKR Capital Corp. has a 52-week low of $18.53 and a 52-week high of $24.10. The company has a 50-day moving average of $22.61 and a 200-day moving average of $21.45.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $407.00 million for the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid 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 13.34%. FS KKR Capital's dividend payout ratio is 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.