Legal & General Group Plc Reduces Position in FS KKR Capital Corp. (NYSE:FSK)

Legal & General Group Plc lowered its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,097,868 shares of the company's stock after selling 144,760 shares during the quarter. Legal & General Group Plc owned approximately 0.75% of FS KKR Capital worth $45,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in FSK. Van ECK Associates Corp grew its position in shares of FS KKR Capital by 11.7% during the 4th 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 during the period. Commonwealth Equity Services LLC lifted its position in shares of FS KKR Capital by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company's stock valued at $94,989,000 after buying an additional 91,192 shares in the last quarter. LPL Financial LLC increased its stake in shares of FS KKR Capital by 3.5% in the fourth quarter. LPL Financial LLC now owns 3,583,642 shares of the company's stock worth $77,837,000 after purchasing an additional 119,593 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in FS KKR Capital by 10.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock worth $29,862,000 after buying an additional 128,856 shares in the last quarter. Finally, Strong Tower Advisory Services raised its stake in FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company's stock valued at $23,252,000 after purchasing an additional 36,127 shares during the period. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Trading Up 2.1 %

Shares of NYSE FSK traded up $0.41 during trading hours on Thursday, reaching $19.54. The stock had a trading volume of 1,462,020 shares, compared to its average volume of 1,485,813. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 10.39 and a beta of 0.98. The business's fifty day moving average price is $21.52 and its two-hundred day moving average price is $21.43. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

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

FS KKR Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 14.33%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's dividend payout ratio is currently 122.49%.

Analysts Set New Price Targets

Several analysts have commented on FSK shares. Wells Fargo & Company cut shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. JPMorgan Chase & Co. increased their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada raised their target price 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. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of 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. One investment 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 presently has an average rating of "Hold" and a consensus target price 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.