FS KKR Capital Corp. (NYSE:FSK) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,832,034 shares of the company’s stock after selling 23,418 shares during the period. River Road Asset Management LLC’s holdings in FS KKR Capital were worth $36,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Independent Wealth Network Inc. grew its holdings in FS KKR Capital by 2.1% in the third quarter. Independent Wealth Network Inc. now owns 24,876 shares of the company’s stock valued at $490,000 after purchasing an additional 514 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in FS KKR Capital by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock valued at $1,901,000 after purchasing an additional 570 shares during the last quarter. Beacon Financial Advisory LLC grew its holdings in FS KKR Capital by 1.0% in the third quarter. Beacon Financial Advisory LLC now owns 60,278 shares of the company’s stock valued at $1,187,000 after purchasing an additional 572 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in FS KKR Capital by 20.8% in the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock valued at $66,000 after purchasing an additional 575 shares during the last quarter. Finally, IFG Advisory LLC grew its holdings in FS KKR Capital by 0.7% in the fourth quarter. IFG Advisory LLC now owns 88,292 shares of the company’s stock valued at $1,763,000 after purchasing an additional 633 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Up 1.1 %

NYSE FSK traded up $0.20 during trading hours on Wednesday, hitting $19.05. 1,186,723 shares of the company’s stock were exchanged, compared to its average volume of 1,738,377. The business’s 50 day moving average is $19.24 and its 200-day moving average is $19.67. FS KKR Capital Corp. has a 12-month low of $17.50 and a 12-month high of $20.99. The firm has a market capitalization of $5.34 billion, a P/E ratio of 7.57 and a beta of 1.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The company had revenue of $447.00 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.81 EPS. As a group, analysts anticipate that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.44%. FS KKR Capital’s dividend payout ratio (DPR) is 102.81%.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 7,300 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the acquisition, the insider now directly owns 39,800 shares in the company, valued at approximately $745,454. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Hovde Group reissued a “market perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Truist Financial reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, February 28th. Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $21.50 to $19.50 in a research report on Tuesday, February 27th. JPMorgan Chase & Co. upped their price objective 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. Finally, Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.17.

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.