Axa S.A. Acquires New Shares in FS KKR Capital Corp. (NYSE:FSK)

AXA S.A. purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,508 shares of the company's stock, valued at approximately $597,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FSK. Kingswood Wealth Advisors LLC boosted its stake in shares of FS KKR Capital by 86.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock valued at $4,878,000 after purchasing an additional 104,016 shares in the last quarter. Inspire Advisors LLC lifted its stake in shares of FS KKR Capital by 28.6% during the 4th quarter. Inspire Advisors LLC now owns 109,919 shares of the company's stock worth $2,387,000 after purchasing an additional 24,443 shares during the last quarter. Proactive Wealth Strategies LLC lifted its stake in shares of FS KKR Capital by 24.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company's stock worth $1,411,000 after purchasing an additional 12,926 shares during the last quarter. Graypoint LLC boosted its position in FS KKR Capital by 23.1% during the fourth quarter. Graypoint LLC now owns 139,504 shares of the company's stock valued at $3,030,000 after purchasing an additional 26,174 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in FS KKR Capital by 15.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company's stock worth $4,473,000 after purchasing an additional 27,110 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

FS KKR Capital stock traded up $0.21 during trading on Tuesday, reaching $20.79. The company had a trading volume of 1,201,623 shares, compared to its average volume of 1,483,989. 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 firm's 50-day simple moving average is $20.24 and its 200 day simple moving average is $21.39. The firm has a market capitalization of $5.82 billion, a PE ratio of 11.06 and a beta of 0.98. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The company's revenue for the quarter was down 7.8% on a year-over-year basis. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.31%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio is presently 134.74%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FSK. JPMorgan Chase & Co. reduced their price objective on shares of 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. Oppenheimer lowered their price target on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a research report on Friday. B. Riley initiated coverage on FS KKR Capital in a research note on Tuesday. They issued a "neutral" rating and a $19.00 price objective for the company. Royal Bank of Canada upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company cut their price target on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $19.67.

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.