BNP Paribas Financial Markets Invests $3.21 Million in FS KKR Capital Corp. (NYSE:FSK)

BNP Paribas Financial Markets purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 147,722 shares of the company's stock, valued at approximately $3,209,000. BNP Paribas Financial Markets owned approximately 0.05% of FS KKR Capital at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in FS KKR Capital by 8.1% in the fourth quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company's stock valued at $30,827,000 after purchasing an additional 106,641 shares during the period. AXA S.A. purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $597,000. Bison Wealth LLC grew its holdings in FS KKR Capital by 3.4% in the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company's stock valued at $476,000 after purchasing an additional 720 shares during the period. Comerica Bank grew its holdings in FS KKR Capital by 6.4% in the fourth quarter. Comerica Bank now owns 14,216 shares of the company's stock valued at $309,000 after purchasing an additional 851 shares during the period. Finally, Lido Advisors LLC purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $4,448,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 0.4%

NYSE FSK opened at $20.95 on Friday. The company's fifty day simple moving average is $20.13 and its 200-day simple moving average is $21.39. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market cap of $5.87 billion, a P/E ratio of 11.14 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $400.00 million for the quarter, compared to analysts' expectations of $395.22 million. During the same period in the previous year, the company posted $0.62 earnings per share. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.22%. FS KKR Capital's payout ratio is currently 134.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer reduced their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th. Royal Bank of Canada reduced their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company reduced their price target on shares of 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 analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.50.

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.

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