Annex Advisory Services LLC Invests $264,000 in FS KKR Capital Corp. (NYSE:FSK)

Annex Advisory Services LLC purchased a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,586 shares of the company's stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Inspire Advisors LLC lifted its holdings in FS KKR Capital by 28.6% in the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company's stock valued at $2,387,000 after acquiring an additional 24,443 shares during the last quarter. Proactive Wealth Strategies LLC raised its position in FS KKR Capital by 24.8% in the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company's stock valued at $1,411,000 after purchasing an additional 12,926 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company's stock valued at $4,473,000 after purchasing an additional 27,110 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of FS KKR Capital during the 4th quarter worth $348,000. Finally, Ascent Capital Management LLC purchased a new position in shares of FS KKR Capital during the 4th quarter worth $470,000. Institutional investors and hedge funds own 36.26% of the company's stock.

FS KKR Capital Stock Up 0.4%

Shares of NYSE FSK traded up $0.10 during midday trading on Tuesday, hitting $21.51. The company's stock had a trading volume of 1,111,893 shares, compared to its average volume of 1,465,530. 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 firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 11.44 and a beta of 0.97. The business's fifty day simple moving average is $20.16 and its two-hundred day simple moving average is $21.43. 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 issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $400.00 million during the quarter, compared to analysts' expectations of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm's revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. On average, equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 annualized dividend and a yield of 11.90%. FS KKR Capital's payout ratio is 134.74%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. B. Riley assumed coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 price objective on the stock. Royal Bank of Canada decreased their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. JPMorgan Chase & Co. lowered 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 report on Thursday, April 24th. Wells Fargo & Company lowered their price target on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.50.

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.