Wealth Enhancement Advisory Services LLC Buys 12,782 Shares of FS KKR Capital Corp. (NYSE:FSK)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,330 shares of the company's stock after acquiring an additional 12,782 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in FS KKR Capital were worth $2,809,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock worth $139,469,000 after purchasing an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of FS KKR Capital by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company's stock worth $94,989,000 after purchasing an additional 91,192 shares in the last quarter. LPL Financial LLC raised its stake in shares of FS KKR Capital by 3.5% during the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company's stock worth $77,837,000 after purchasing an additional 119,593 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of FS KKR Capital by 8.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company's stock worth $30,827,000 after purchasing an additional 106,641 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its stake in shares of FS KKR Capital by 10.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock valued at $29,862,000 after acquiring an additional 128,856 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on FSK. Royal Bank of Canada cut their price objective on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Oppenheimer cut their price objective on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company cut their price objective on 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. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.50.

FS KKR Capital Stock Performance

Shares of NYSE:FSK traded down $0.07 during trading on Thursday, hitting $21.07. 908,657 shares of the stock were exchanged, compared to its average volume of 1,465,755. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 11.20 and a beta of 0.98. The company's fifty day simple moving average is $20.15 and its 200-day simple moving average is $21.43. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. FS KKR Capital's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. Sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 12.15%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio is currently 134.74%.

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.