Sumitomo Mitsui Trust Holdings Inc. Cuts Holdings in FS KKR Capital Corp. (NYSE:FSK)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 486,603 shares of the company’s stock after selling 4,997 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.17% of FS KKR Capital worth $9,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Center for Financial Planning Inc. grew its holdings in 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 worth $39,000 after purchasing an additional 1,179 shares during the last quarter. Planned Solutions Inc. purchased a new position in FS KKR Capital in the fourth quarter worth $40,000. Provence Wealth Management Group purchased a new position in FS KKR Capital in the third quarter worth $45,000. Citigroup Inc. grew its holdings in FS KKR Capital by 587.2% in the third quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after purchasing an additional 2,114 shares during the last quarter. Finally, 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 worth $66,000 after purchasing an additional 575 shares during the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 7,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price of $18.73 per share, with a total value of $136,729.00. Following the purchase, the insider now owns 39,800 shares in the company, valued at $745,454. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FSK has been the topic of a number of research analyst reports. Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Hovde Group reissued a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, February 28th. Keefe, Bruyette & Woods dropped their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. Truist Financial dropped 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 report on Wednesday, February 28th. Finally, Wells Fargo & Company boosted their price objective on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and an average target price of $20.17.

FS KKR Capital Stock Performance

NYSE FSK opened at $19.43 on Wednesday. The company has a fifty day moving average of $19.16 and a 200 day moving average of $19.67. The company has a market capitalization of $5.44 billion, a PE ratio of 7.80 and a beta of 1.25. FS KKR Capital Corp. has a 1 year low of $17.50 and a 1 year 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.

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 analysts’ consensus estimates of $0.75. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Research analysts forecast that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.64 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.18%. FS KKR Capital’s dividend payout ratio is currently 102.81%.

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.