Invesco Ltd. Has $15.91 Million Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Invesco Ltd. reduced its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 732,463 shares of the company's stock after selling 126,413 shares during the period. Invesco Ltd. owned 0.26% of FS KKR Capital worth $15,909,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Generali Asset Management SPA SGR acquired a new position in FS KKR Capital in the 4th quarter worth about $17,608,000. Van ECK Associates Corp raised its position in FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in FS KKR Capital in the fourth quarter valued at approximately $6,499,000. Strategic Financial Concepts LLC grew its position in FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock worth $6,593,000 after acquiring an additional 289,278 shares in the last quarter. Finally, Certior Financial Group LLC acquired a new position in shares of FS KKR Capital during the 4th quarter worth $4,496,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSK has been the subject of a number of recent research reports. Royal Bank of Canada upped 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. 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. Wells Fargo & Company lowered FS KKR Capital from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $21.00 to $19.00 in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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 company. Based on data from MarketBeat, FS KKR Capital presently has a consensus rating of "Hold" and an average target price of $20.10.

FS KKR Capital Trading Up 0.2 %

NYSE:FSK traded up $0.05 on Friday, reaching $20.09. The company's stock had a trading volume of 206,460 shares, compared to its average volume of 1,484,251. The firm has a market cap of $5.63 billion, a PE ratio of 10.68 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. The business's 50-day moving average price is $21.06 and its two-hundred day moving average price is $21.42. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its 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). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.94%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's payout ratio 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.