FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. cut its position in FS KKR Capital Corp. (NYSE:FSK) by 9.3% during the fourth quarter, Holdings Channel reports. The firm owned 11,267 shares of the company’s stock after selling 1,159 shares during the period. Roman Butler Fullerton & Co.’s holdings in FS KKR Capital were worth $233,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Center for Financial Planning Inc. increased its holdings in shares of FS KKR Capital by 147.6% in the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock valued at $39,000 after purchasing an additional 1,179 shares during the period. Planned Solutions Inc. acquired a new position in shares of FS KKR Capital in the fourth quarter valued at about $40,000. Worth Asset Management LLC acquired a new position in shares of FS KKR Capital in the first quarter valued at about $43,000. Retirement Group LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at about $39,000. Finally, Provence Wealth Management Group acquired a new stake in FS KKR Capital during the third quarter worth about $45,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on FSK. Hovde Group reiterated a “market perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday. Royal Bank of Canada reduced their price target on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Truist Financial reduced their price target on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.17.

FS KKR Capital Stock Up 0.6 %

Shares of FSK opened at $19.16 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. FS KKR Capital Corp. has a 12 month low of $17.50 and a 12 month high of $20.99. The stock’s 50 day moving average is $19.20 and its two-hundred day moving average is $19.66. The firm has a market cap of $5.36 billion, a P/E ratio of 7.69 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $447.00 million for the quarter, compared to analyst estimates of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same period in the previous year, the company posted $0.81 earnings per share. Analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is presently 102.81%.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

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.