CFO4Life Group LLC Sells 13,391 Shares of FS KKR Capital Corp. (NYSE:FSK)

CFO4Life Group LLC trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 40.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,453 shares of the company’s stock after selling 13,391 shares during the quarter. CFO4Life Group LLC’s holdings in FS KKR Capital were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after purchasing an additional 673,420 shares in the last quarter. Transcend Capital Advisors LLC boosted its stake in shares of FS KKR Capital by 10.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after purchasing an additional 128,856 shares in the last quarter. Strong Tower Advisory Services boosted its stake in shares of FS KKR Capital by 3.5% during the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after purchasing an additional 36,127 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of FS KKR Capital by 5.1% during the third quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company’s stock valued at $14,913,000 after purchasing an additional 36,461 shares in the last quarter. Finally, Maia Wealth LLC boosted its stake in shares of FS KKR Capital by 11.4% during the fourth quarter. Maia Wealth LLC now owns 638,109 shares of the company’s stock valued at $14,543,000 after purchasing an additional 65,245 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

Shares of FSK opened at $21.58 on Thursday. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The business’s 50 day moving average price is $22.71 and its two-hundred day moving average price is $21.40. The firm has a market cap of $6.04 billion, a PE ratio of 11.48 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $419.97 million. On average, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.97%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, Keefe, Bruyette & Woods lifted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average price target of $21.70.

About FS KKR Capital

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.