Cerity Partners LLC Cuts Holdings in FS KKR Capital Corp. (NYSE:FSK)

Cerity Partners LLC lowered its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,443 shares of the company's stock after selling 15,633 shares during the quarter. Cerity Partners LLC's holdings in FS KKR Capital were worth $335,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its position in shares of FS KKR Capital by 47.5% during 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 last quarter. Jones Financial Companies Lllp raised its stake in FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after acquiring an additional 1,554 shares during the period. FNY Investment Advisers LLC purchased a new stake in FS KKR Capital during the fourth quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock valued at $60,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in FS KKR Capital during the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 36.26% of the company's stock.

FS KKR Capital Price Performance

NYSE:FSK traded up $0.12 during mid-day trading on Friday, hitting $20.16. 837,001 shares of the stock traded hands, compared to its average volume of 1,489,913. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month high of $24.10. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.65 billion, a PE ratio of 10.72 and a beta of 0.98. The business's 50-day moving average price is $20.98 and its 200 day moving average price is $21.42.

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

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 13.89%. FS KKR Capital's payout ratio is currently 122.49%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FSK. JPMorgan Chase & Co. lowered their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered FS KKR Capital from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $21.00 to $19.00 in a report on Monday, March 17th. Finally, Royal Bank of Canada lifted their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. 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 MarketBeat.com, FS KKR Capital currently has a consensus rating of "Hold" and a consensus price target of $20.10.

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.