Ameriflex Group Inc. Purchases New Holdings in FS KKR Capital Corp. (NYSE:FSK)

Ameriflex Group Inc. bought a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,073 shares of the company's stock, valued at approximately $376,000.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its holdings in FS KKR Capital by 24.8% during the 3rd 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. Flagship Harbor Advisors LLC boosted its stake in shares of FS KKR Capital by 1.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 374,168 shares of the company's stock valued at $8,127,000 after purchasing an additional 4,659 shares during the period. Andina Capital Management LLC boosted its stake in shares of FS KKR Capital by 3.7% in the fourth quarter. Andina Capital Management LLC now owns 95,627 shares of the company's stock valued at $2,077,000 after purchasing an additional 3,417 shares during the period. PFG Investments LLC grew its holdings in shares of FS KKR Capital by 7.4% in the fourth quarter. PFG Investments LLC now owns 73,447 shares of the company's stock valued at $1,595,000 after purchasing an additional 5,047 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its stake in FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock worth $4,878,000 after buying an additional 104,016 shares during the period. Hedge funds and other institutional investors own 36.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Oppenheimer lowered their target price 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. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. B. Riley began coverage on FS KKR Capital in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $19.50.

FS KKR Capital Stock Down 0.6%

FS KKR Capital stock traded down $0.12 during midday trading on Friday, reaching $21.20. The company's stock had a trading volume of 1,148,085 shares, compared to its average volume of 1,474,386. The business has a 50-day simple moving average of $20.15 and a 200-day simple moving average of $21.43. The company has a market cap of $5.94 billion, a P/E ratio of 11.28 and a beta of 0.98. 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 quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $400.00 million during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.62 earnings per share. On average, research analysts expect 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 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. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.08%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is currently 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.