FS KKR Capital Corp. (NYSE:FSK) Stock Position Raised by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC raised its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 236.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,024 shares of the company's stock after buying an additional 125,824 shares during the period. Wealthcare Advisory Partners LLC owned approximately 0.06% of FS KKR Capital worth $3,751,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. bought a new position in FS KKR Capital during the fourth quarter worth $33,000. Fourth Dimension Wealth LLC bought a new stake in shares of FS KKR Capital during the 4th quarter valued at about $33,000. Jones Financial Companies Lllp raised its stake in 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 acquiring an additional 1,554 shares during the period. Anchor Investment Management LLC bought a new position in FS KKR Capital in the fourth quarter worth about $54,000. Finally, Roxbury Financial LLC acquired a new position in FS KKR Capital in the fourth quarter valued at approximately $69,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FSK shares. Royal Bank of Canada dropped their price target on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Keefe, Bruyette & Woods dropped their target price 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. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Oppenheimer cut their price objective 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. Finally, B. Riley began coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 target price for the company. One investment 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 currently has a consensus rating of "Hold" and an average target price of $19.50.

FS KKR Capital Price Performance

Shares of FSK stock traded down $0.25 during midday trading on Friday, reaching $21.14. 985,433 shares of the company were exchanged, compared to its average volume of 1,457,313. The company's 50 day moving average price is $20.33 and its two-hundred day moving average price is $21.41. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market cap of $5.92 billion, a P/E ratio of 11.24 and a beta of 0.97. 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 - 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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The company's revenue was down 7.8% on a year-over-year basis. On average, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 12.11%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's payout ratio is 134.74%.

FS KKR Capital Company 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.