FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Partners Group Holding AG

Partners Group Holding AG lessened its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 8.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,807 shares of the company's stock after selling 24,452 shares during the quarter. Partners Group Holding AG owned about 0.10% of FS KKR Capital worth $5,284,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wedbush Securities Inc. lifted its stake in shares of FS KKR Capital by 1.4% in the second quarter. Wedbush Securities Inc. now owns 40,380 shares of the company's stock worth $797,000 after buying an additional 573 shares in the last quarter. Wescott Financial Advisory Group LLC increased its stake in shares of FS KKR Capital by 2.9% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company's stock valued at $417,000 after acquiring an additional 600 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in FS KKR Capital by 3.2% in the 2nd quarter. Focus Financial Network Inc. now owns 23,422 shares of the company's stock worth $477,000 after acquiring an additional 719 shares during the period. Centaurus Financial Inc. boosted its stake in shares of FS KKR Capital by 0.8% during the 3rd quarter. Centaurus Financial Inc. now owns 116,701 shares of the company's stock valued at $2,303,000 after buying an additional 935 shares during the last quarter. Finally, Souders Financial Advisors lifted its stake in FS KKR Capital by 3.9% during the second quarter. Souders Financial Advisors now owns 25,209 shares of the company's stock worth $497,000 after purchasing an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.

FS KKR Capital Stock Performance

NYSE FSK traded down $0.06 during trading hours on Tuesday, reaching $21.95. 1,159,969 shares of the company were exchanged, compared to its average volume of 1,407,687. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $22.11. The business's 50 day simple moving average is $20.44 and its 200-day simple moving average is $20.12. The stock has a market capitalization of $6.15 billion, a P/E ratio of 11.69 and a beta of 1.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period last year, the firm earned $0.80 EPS. On average, equities research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a boost from FS KKR Capital's previous None dividend of $0.64. FS KKR Capital's dividend payout ratio (DPR) is currently 136.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FSK shares. Royal Bank of Canada raised their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a "sector perform" rating in a report on Monday, November 18th. Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $20.06.

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.