FS KKR Capital Corp. (NYSE:FSK) Shares Sold by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lowered its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,128 shares of the company's stock after selling 28,829 shares during the period. HighPoint Advisor Group LLC owned approximately 0.05% of FS KKR Capital worth $3,292,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. McIlrath & Eck LLC grew its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. Jones Financial Companies Lllp grew 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 last quarter. FNY Investment Advisers LLC purchased a new position in FS KKR Capital during the 4th quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. raised its position 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 worth $60,000 after acquiring an additional 1,520 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in FS KKR Capital during the fourth quarter worth about $69,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Trading Down 6.2 %

FSK traded down $1.30 during trading on Friday, hitting $19.44. The company's stock had a trading volume of 5,489,840 shares, compared to its average volume of 1,409,524. FS KKR Capital Corp. has a twelve month low of $18.53 and a twelve month high of $24.10. The stock has a market cap of $5.44 billion, a PE ratio of 10.34 and a beta of 0.98. The firm's 50 day moving average price is $22.37 and its 200-day moving average price is $21.52. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

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FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share 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 return on equity of 12.31% and a net margin of 29.98%. On average, analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current 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 given a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 14.41%. FS KKR Capital's dividend payout ratio is presently 122.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Royal Bank of Canada raised their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Wells Fargo & Company cut 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. JPMorgan Chase & Co. increased their price objective 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. Finally, 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 research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $21.30.

About FS KKR Capital

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.