Wealthcare Advisory Partners LLC Acquires 125,824 Shares of FS KKR Capital Corp. (NYSE:FSK)

Wealthcare Advisory Partners LLC raised its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 236.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,024 shares of the company's stock after buying an additional 125,824 shares during the quarter. Wealthcare Advisory Partners LLC owned about 0.06% of FS KKR Capital worth $3,751,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $33,000. Fourth Dimension Wealth LLC purchased a new position in FS KKR Capital during the fourth quarter valued at $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 valued at $51,000 after buying an additional 1,554 shares during the last quarter. Anchor Investment Management LLC purchased a new position in FS KKR Capital during the fourth quarter valued at $54,000. Finally, Roxbury Financial LLC purchased a new position in FS KKR Capital during the fourth quarter valued at $69,000. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Down 0.6%

Shares of FSK stock traded down $0.13 during mid-day trading on Thursday, hitting $21.37. The company's stock had a trading volume of 841,572 shares, compared to its average volume of 1,458,783. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. The business has a 50-day moving average price of $20.26 and a 200 day moving average price of $21.42. 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 stock has a market cap of $5.99 billion, a price-to-earnings ratio of 11.37 and a beta of 0.97.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping 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 company had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. FS KKR Capital's revenue was down 7.8% compared to the same quarter last year. Research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal 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 dividend yield of 11.98%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's payout ratio is currently 134.74%.

Analyst Ratings Changes

FSK has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. B. Riley initiated coverage on FS KKR Capital in a research note on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective for the company. Keefe, Bruyette & Woods lowered their price objective on 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. Royal Bank of Canada decreased their price target on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Finally, Oppenheimer decreased their price target on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $19.50.

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.