Advisors Asset Management Inc. Purchases 11,713 Shares of FS KKR Capital Corp. (NYSE:FSK)

Advisors Asset Management Inc. grew its position in FS KKR Capital Corp. (NYSE:FSK) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,742 shares of the company’s stock after purchasing an additional 11,713 shares during the quarter. Advisors Asset Management Inc.’s holdings in FS KKR Capital were worth $3,637,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FSK. Mather Group LLC. acquired a new stake in shares of FS KKR Capital during the first quarter worth $39,000. Planned Solutions Inc. acquired a new stake in FS KKR Capital in the 4th quarter worth about $40,000. Citigroup Inc. boosted its holdings in FS KKR Capital by 587.2% in the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock valued at $49,000 after purchasing an additional 2,114 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of FS KKR Capital during the 1st quarter worth approximately $78,000. Finally, Provence Wealth Management Group grew its position in shares of FS KKR Capital by 76.6% during the 4th quarter. Provence Wealth Management Group now owns 4,035 shares of the company’s stock worth $81,000 after purchasing an additional 1,750 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE:FSK traded up $0.12 during trading on Friday, hitting $20.26. 957,680 shares of the company were exchanged, compared to its average volume of 1,491,275. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $20.99. The company has a market capitalization of $5.67 billion, a P/E ratio of 8.40 and a beta of 1.26. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $20.08 and its 200-day moving average is $19.76.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. The firm had revenue of $434.00 million during the quarter, compared to analysts’ expectations of $429.46 million. Equities analysts forecast that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.82%. The ex-dividend date of this dividend was Wednesday, June 12th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 106.67%.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, Director Barbara Adams acquired 3,381 shares of the stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of $20.10 per share, with a total value of $67,958.10. Following the transaction, the director now owns 22,082 shares in the company, valued at approximately $443,848.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FSK has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on FS KKR Capital from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday. B. Riley reiterated a “buy” rating and set a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Keefe, Bruyette & Woods decreased their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and a consensus target price of $20.39.

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.