Advisors Asset Management Inc. Raises Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Advisors Asset Management Inc. grew its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 18.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 254,566 shares of the company's stock after acquiring an additional 39,086 shares during the quarter. Advisors Asset Management Inc. owned 0.09% of FS KKR Capital worth $5,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Hilton Capital Management LLC boosted its holdings in FS KKR Capital by 3.1% during the third quarter. Hilton Capital Management LLC now owns 186,181 shares of the company's stock worth $3,673,000 after purchasing an additional 5,658 shares during the last quarter. OneAscent Financial Services LLC purchased a new position in shares of FS KKR Capital in the 3rd quarter worth approximately $245,000. Intellectus Partners LLC grew its holdings in shares of FS KKR Capital by 103.9% in the third quarter. Intellectus Partners LLC now owns 87,434 shares of the company's stock valued at $1,758,000 after acquiring an additional 44,546 shares in the last quarter. Proactive Wealth Strategies LLC bought a new position in shares of FS KKR Capital in the third quarter valued at approximately $1,027,000. Finally, First National Trust Co increased its position in shares of FS KKR Capital by 108.7% during the third quarter. First National Trust Co now owns 96,636 shares of the company's stock valued at $1,907,000 after acquiring an additional 50,327 shares during the last quarter. Institutional investors own 36.26% of the company's stock.

FS KKR Capital Stock Performance

NYSE FSK traded up $0.23 during trading on Friday, hitting $21.77. 1,020,324 shares of the company's stock traded hands, compared to its average volume of 1,408,256. 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 stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 11.58 and a beta of 1.25. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $21.79. The business has a 50 day moving average of $20.35 and a 200-day moving average of $20.08.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same period last year, the firm earned $0.80 EPS. As a group, equities research analysts anticipate 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 disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This represents a dividend yield of 12.7%. This is a positive change from FS KKR Capital's previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital's payout ratio is presently 136.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a "sector perform" rating in a research note on Monday. Wells Fargo & Company reduced their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.06.

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.