Invesco Ltd. Sells 39,301 Shares of FS KKR Capital Corp. $FSK

Invesco Ltd. cut its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 693,162 shares of the company’s stock after selling 39,301 shares during the quarter. Invesco Ltd.’s holdings in FS KKR Capital were worth $14,522,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of FS KKR Capital during the 4th quarter worth $33,000. Fourth Dimension Wealth LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth $33,000. von Borstel & Associates Inc. acquired a new stake in shares of FS KKR Capital during the 1st quarter worth $60,000. Creekmur Asset Management LLC grew its holdings in shares of FS KKR Capital by 76.9% during the 1st quarter. Creekmur Asset Management LLC now owns 3,106 shares of the company’s stock worth $65,000 after purchasing an additional 1,350 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of FS KKR Capital by 52.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 3,419 shares of the company’s stock worth $72,000 after purchasing an additional 1,181 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FSK has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Oppenheimer cut their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Friday, May 9th. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a report on Friday, August 8th. B. Riley initiated coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price target for the company. Finally, Zacks Research raised shares of FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $18.92.

FS KKR Capital Trading Up 2.0%

Shares of FS KKR Capital stock opened at $18.0760 on Friday. The firm has a market capitalization of $5.06 billion, a PE ratio of 23.17 and a beta of 0.93. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. The firm’s 50 day moving average is $20.41 and its 200 day moving average is $20.90. FS KKR Capital Corp. has a 1 year low of $17.35 and a 1 year high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($1.23). The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same period last year, the firm posted $0.75 earnings per share. Equities research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Wednesday, September 17th will be issued a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $2.80 annualized dividend and a dividend yield of 15.5%. FS KKR Capital’s payout ratio is presently 328.21%.

FS KKR Capital 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.