Bank of America Corp DE Has $4.93 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Bank of America Corp DE grew its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 16.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 227,103 shares of the company's stock after buying an additional 32,854 shares during the period. Bank of America Corp DE owned 0.08% of FS KKR Capital worth $4,933,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in FS KKR Capital during the 4th quarter worth $33,000. Jones Financial Companies Lllp grew its stake in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after purchasing an additional 1,554 shares during the period. Anchor Investment Management LLC acquired a new position in FS KKR Capital in the fourth quarter valued at about $54,000. Roxbury Financial LLC bought a new position in FS KKR Capital during the fourth quarter worth about $69,000. Finally, RE Dickinson Investment Advisors LLC boosted its holdings in FS KKR Capital by 16.5% during the fourth quarter. RE Dickinson Investment Advisors LLC now owns 4,847 shares of the company's stock worth $105,000 after buying an additional 686 shares during the last quarter. Institutional investors own 36.26% of the company's stock.

FS KKR Capital Stock Down 0.6%

Shares of FSK stock traded down $0.12 during trading on Friday, reaching $21.20. The company's stock had a trading volume of 1,148,235 shares, compared to its average volume of 1,475,278. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The business has a fifty day moving average price of $20.14 and a 200-day moving average price of $21.43. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 11.28 and a beta of 0.98. 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 issued 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. 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 for the quarter, compared to analyst estimates of $395.22 million. During the same period in the previous year, the business earned $0.62 EPS. The company's revenue was down 7.8% compared to the same quarter last year. Analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share 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 issued 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 12.08%. FS KKR Capital's payout ratio is presently 134.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FSK shares. B. Riley began coverage on shares of FS KKR Capital in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 target price for the company. Wells Fargo & Company cut 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 note on Monday, April 28th. Royal Bank of Canada dropped 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. Keefe, Bruyette & Woods cut their price objective 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. Finally, 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 report on Friday, May 9th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $19.50.

FS KKR Capital 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.