Legacy Investment Solutions LLC Cuts Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Legacy Investment Solutions LLC decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 53.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 173,756 shares of the company's stock after selling 196,446 shares during the period. FS KKR Capital comprises about 2.4% of Legacy Investment Solutions LLC's holdings, making the stock its 12th largest position. Legacy Investment Solutions LLC owned approximately 0.06% of FS KKR Capital worth $4,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. McIlrath & Eck LLC lifted its stake in 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 acquiring an additional 675 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after purchasing an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital during the fourth quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. boosted 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 worth $60,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Roxbury Financial LLC bought a new stake in FS KKR Capital in the 4th quarter worth about $69,000. Institutional investors own 36.26% of the company's stock.

FS KKR Capital Stock Performance

FSK traded up $0.41 on Thursday, hitting $19.54. The company's stock had a trading volume of 1,462,023 shares, compared to its average volume of 1,485,818. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The company's 50 day simple moving average is $21.52 and its 200-day simple moving average is $21.43. 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 firm has a market cap of $5.47 billion, a P/E ratio of 10.39 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly 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). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. Analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The company 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. This represents a $2.80 annualized dividend and a yield of 14.33%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital's payout ratio is 122.49%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods dropped 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 research report on Tuesday, April 8th. Royal Bank of Canada lifted their price target on 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. upped 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, Wells Fargo & Company cut FS KKR Capital from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. One 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 stock presently has an average rating of "Hold" and an average price target of $20.70.

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.