Wealth Enhancement Advisory Services LLC Boosts Holdings in FS KKR Capital Corp. (NYSE:FSK)

Wealth Enhancement Advisory Services LLC raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 11.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 129,330 shares of the company's stock after purchasing an additional 12,782 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in FS KKR Capital were worth $2,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after purchasing an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in 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 valued at $94,989,000 after acquiring an additional 91,192 shares in the last quarter. LPL Financial LLC lifted its stake in FS KKR Capital by 3.5% during the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company's stock valued at $77,837,000 after acquiring an additional 119,593 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in 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 acquiring an additional 106,641 shares during the last quarter. Finally, Transcend Capital Advisors LLC grew 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 worth $29,862,000 after acquiring an additional 128,856 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FSK. Oppenheimer dropped 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 report on Friday, May 9th. B. Riley began coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 target price on the stock. Wells Fargo & Company cut their target price 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. JPMorgan Chase & Co. decreased their price target on 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. Finally, 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 report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.50.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock traded up $0.26 on Friday, reaching $21.30. 854,049 shares of the company traded hands, compared to its average volume of 1,467,357. The company has a 50 day moving average of $20.15 and a 200 day moving average of $21.43. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10. The firm has a market capitalization of $5.97 billion, a PE ratio of 11.33 and a beta of 0.97.

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, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $400.00 million during 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 was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. Equities analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 12.02%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is currently 134.74%.

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.