Ameriprise Financial Inc. Acquires 106,641 Shares of FS KKR Capital Corp. (NYSE:FSK)

Ameriprise Financial Inc. grew its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,418,903 shares of the company's stock after acquiring an additional 106,641 shares during the quarter. Ameriprise Financial Inc. owned 0.51% of FS KKR Capital worth $30,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FSK. Barclays PLC boosted its position in shares of FS KKR Capital by 24.8% in the third quarter. Barclays PLC now owns 327,469 shares of the company's stock valued at $6,460,000 after acquiring an additional 65,054 shares during the period. Franklin Resources Inc. raised its stake in shares of FS KKR Capital by 14.1% in the third quarter. Franklin Resources Inc. now owns 360,256 shares of the company's stock valued at $7,284,000 after purchasing an additional 44,557 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of FS KKR Capital by 258.2% in the third quarter. JPMorgan Chase & Co. now owns 105,171 shares of the company's stock valued at $2,075,000 after purchasing an additional 75,811 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of FS KKR Capital by 9.9% in the fourth quarter. AdvisorNet Financial Inc now owns 26,441 shares of the company's stock valued at $574,000 after purchasing an additional 2,372 shares in the last quarter. Finally, BCS Wealth Management acquired a new position in shares of FS KKR Capital in the fourth quarter valued at $292,000. 36.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company cut their target price on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Royal Bank of Canada dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. B. Riley began coverage on FS KKR Capital in a research note on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective for the company. Finally, Oppenheimer dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $19.50.

FS KKR Capital Price Performance

Shares of NYSE:FSK traded up $0.21 during midday trading on Monday, reaching $21.38. The company's stock had a trading volume of 1,018,224 shares, compared to its average volume of 1,474,795. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The company has a market capitalization of $5.99 billion, a P/E ratio of 11.37 and a beta of 0.98. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business's fifty day simple moving average is $20.12 and its 200-day simple moving average is $21.42.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $400.00 million for the quarter, compared to analysts' expectations of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm's quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 earnings per share. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 11.97%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's dividend payout ratio is 134.74%.

FS KKR Capital Company 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.