Rockefeller Capital Management L.P. Sells 470,716 Shares of FS KKR Capital Corp. (NYSE:FSK)

Rockefeller Capital Management L.P. reduced its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 62.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 285,156 shares of the company's stock after selling 470,716 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.10% of FS KKR Capital worth $6,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC grew its stake in shares of FS KKR Capital by 86.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock worth $4,878,000 after acquiring an additional 104,016 shares during the last quarter. Inspire Advisors LLC grew its position in FS KKR Capital by 28.6% in the 4th quarter. Inspire Advisors LLC now owns 109,919 shares of the company's stock worth $2,387,000 after purchasing an additional 24,443 shares during the last quarter. Proactive Wealth Strategies LLC increased its holdings in shares of FS KKR Capital by 24.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company's stock worth $1,411,000 after purchasing an additional 12,926 shares during the period. Graypoint LLC raised its position in shares of FS KKR Capital by 23.1% during the fourth quarter. Graypoint LLC now owns 139,504 shares of the company's stock valued at $3,030,000 after buying an additional 26,174 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of FS KKR Capital by 15.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company's stock valued at $4,473,000 after buying an additional 27,110 shares during the period. Institutional investors and hedge funds own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FSK shares. Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company lowered shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $21.00 to $19.00 in a research report 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 stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada raised their target price 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. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.70.

FS KKR Capital Price Performance

NYSE FSK traded up $0.33 during trading hours on Tuesday, reaching $19.36. 619,823 shares of the company's stock were exchanged, compared to its average volume of 1,485,055. The firm has a fifty day moving average of $21.29 and a 200-day moving average of $21.44. 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 Corp. has a one year low of $17.42 and a one year high of $24.10. The stock has a market cap of $5.42 billion, a PE ratio of 10.29 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results 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). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. On average, equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.47%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital's dividend payout ratio is currently 122.49%.

FS KKR Capital Company 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.