FS KKR Capital Corp. (NYSE:FSK) Stake Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 313,579 shares of the company’s stock after purchasing an additional 59,013 shares during the period. Advisors Asset Management Inc. owned 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 added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its stake in FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after buying an additional 673,420 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of FS KKR Capital in the 3rd quarter worth about $7,830,000. Raymond James Financial Inc. bought a new stake in FS KKR Capital in the 4th quarter valued at about $6,499,000. Strategic Financial Concepts LLC boosted its stake in FS KKR Capital by 2,029.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after purchasing an additional 289,278 shares during the period. Finally, Rik Saylor Financial Inc. acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $4,287,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

FSK has been the subject of several analyst reports. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Wells Fargo & Company lowered 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. Finally, Royal Bank of Canada boosted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and a consensus price target of $21.30.

FS KKR Capital Price Performance

NYSE:FSK opened at $21.24 on Wednesday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The business’s 50-day moving average price is $22.66 and its 200 day moving average price is $21.44. FS KKR Capital Corp. has a 52-week low of $18.33 and a 52-week high of $24.10. The firm has a market cap of $5.95 billion, a P/E ratio of 11.30 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data 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). The business had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. As a group, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.19%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s payout ratio is 122.49%.

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.