Axa S.A. Buys New Stake in FS KKR Capital Corp. (NYSE:FSK)

Axa S.A. acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,508 shares of the company’s stock, valued at approximately $597,000.

A number of other hedge funds have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of FS KKR Capital in the fourth quarter valued at about $33,000. Jones Financial Companies Lllp grew its holdings in shares of FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after buying an additional 1,554 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $52,000. Anchor Investment Management LLC acquired a new position in FS KKR Capital during the 4th quarter worth approximately $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Down 0.6 %

Shares of FSK stock opened at $19.91 on Friday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a market cap of $5.58 billion, a P/E ratio of 10.59 and a beta of 0.98. The business has a 50-day moving average price of $20.28 and a two-hundred day moving average price of $21.38. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The firm had revenue of $400.00 million for 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 business’s revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. Equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 12.86%. FS KKR Capital’s dividend payout ratio is 134.74%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Oppenheimer decreased 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 note on Friday. Royal Bank of Canada boosted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods lowered their target price on shares of 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. JPMorgan Chase & Co. lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, 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. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus target price of $20.08.

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.