River Road Asset Management LLC Sells 23,418 Shares of FS KKR Capital Corp. (NYSE:FSK)

River Road Asset Management LLC decreased its stake in FS KKR Capital Corp. (NYSE:FSK) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,832,034 shares of the company’s stock after selling 23,418 shares during the period. River Road Asset Management LLC owned about 0.65% of FS KKR Capital worth $36,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in FS KKR Capital by 951.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after buying an additional 3,423,145 shares during the last quarter. Millennium Management LLC raised its stake in FS KKR Capital by 4,104.6% during the fourth quarter. Millennium Management LLC now owns 759,013 shares of the company’s stock worth $13,283,000 after buying an additional 740,961 shares during the last quarter. Melia Wealth LLC bought a new position in FS KKR Capital during the fourth quarter worth $13,520,000. Wells Fargo & Company MN raised its stake in FS KKR Capital by 292.4% during the second quarter. Wells Fargo & Company MN now owns 671,299 shares of the company’s stock worth $13,037,000 after buying an additional 500,218 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in FS KKR Capital by 10.7% in the third quarter. Van ECK Associates Corp now owns 4,710,646 shares of the company’s stock worth $92,753,000 after purchasing an additional 456,657 shares during the period. Institutional investors own 36.26% of the company’s stock.

Insider Transactions at FS KKR Capital

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

Analyst Upgrades and Downgrades

FSK has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Truist Financial lowered their price objective on shares of 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. Wells Fargo & Company boosted their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada lowered their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, FS KKR Capital has an average rating of “Hold” and an average price target of $20.17.

FS KKR Capital Stock Performance

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

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The firm had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. During the same quarter in the prior year, the business earned $0.81 EPS. On average, sell-side analysts expect that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 13.44%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is presently 102.81%.

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.