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

Advisors Asset Management Inc. raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 23.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,579 shares of the company's stock after purchasing an additional 59,013 shares during the quarter. Advisors Asset Management Inc. owned about 0.11% of FS KKR Capital worth $6,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. McIlrath & Eck LLC increased its position in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after acquiring an additional 675 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after purchasing an additional 1,554 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of FS KKR Capital in the fourth quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock worth $60,000 after purchasing an additional 1,520 shares during the period. Finally, Roxbury Financial LLC purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 36.26% of the company's stock.

Remove Ads

FS KKR Capital Price Performance

Shares of FS KKR Capital stock traded up $0.22 during trading hours on Friday, reaching $20.69. The stock had a trading volume of 6,615,171 shares, compared to its average volume of 1,368,181. The stock's 50 day moving average is $22.61 and its 200 day moving average is $21.44. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a twelve month low of $18.53 and a twelve month high of $24.10. The firm has a market capitalization of $5.80 billion, a PE ratio of 11.01 and a beta of 1.22.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. Equities analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 13.53%. FS KKR Capital's dividend payout ratio is currently 122.49%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FSK. B. Riley cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company downgraded shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $21.00 to $19.00 in a research report on Monday, March 17th. Keefe, Bruyette & Woods increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Royal Bank of Canada boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their target price on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $21.30.

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.