LSV Asset Management Cuts Position in FS KKR Capital Corp. (NYSE:FSK)

LSV Asset Management reduced its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,891,955 shares of the company's stock after selling 20,200 shares during the period. LSV Asset Management owned approximately 0.68% of FS KKR Capital worth $41,093,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Stifel Financial Corp lifted its position in shares of FS KKR Capital by 8.6% during the 3rd quarter. Stifel Financial Corp now owns 292,496 shares of the company's stock valued at $5,771,000 after acquiring an additional 23,101 shares during the period. XTX Topco Ltd raised its holdings in FS KKR Capital by 39.2% during the third quarter. XTX Topco Ltd now owns 30,263 shares of the company's stock worth $597,000 after purchasing an additional 8,522 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company's stock worth $119,000 after purchasing an additional 3,744 shares in the last quarter. Barclays PLC grew its holdings in FS KKR Capital by 24.8% in the third quarter. Barclays PLC now owns 327,469 shares of the company's stock valued at $6,460,000 after purchasing an additional 65,054 shares during the last quarter. Finally, McIlrath & Eck LLC increased its position in shares of 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 buying an additional 675 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.

FS KKR Capital Trading Up 2.3 %

FSK traded up $0.45 during trading on Thursday, hitting $19.58. The company's stock had a trading volume of 599,162 shares, compared to its average volume of 1,482,543. FS KKR Capital Corp. has a twelve month low of $17.42 and a twelve month high of $24.10. The firm's 50 day moving average price is $21.52 and its 200-day moving average price is $21.43. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market cap of $5.48 billion, a PE ratio of 10.42 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $407.00 million during the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. 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 declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 14.30%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's dividend payout ratio is currently 122.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company cut shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $21.00 to $19.00 in a research note on Monday, March 17th. Royal Bank of Canada increased their price target on shares of 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. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on 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. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.70.

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.