Wealthcare Capital Partners LLC Buys Shares of 25,245 FS KKR Capital Corp. (NYSE:FSK)

Wealthcare Capital Partners LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 25,245 shares of the company's stock, valued at approximately $529,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in FS KKR Capital during the 4th quarter valued at about $33,000. Fourth Dimension Wealth LLC purchased a new position in FS KKR Capital during the 4th quarter valued at about $33,000. Jones Financial Companies Lllp increased its holdings in FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after acquiring an additional 1,554 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of FS KKR Capital during the fourth quarter worth about $54,000. Finally, Roxbury Financial LLC purchased a new stake in shares of FS KKR Capital during the fourth quarter worth about $69,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on FSK. Oppenheimer lowered their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a report on Friday, May 9th. B. Riley began coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price target for the company. Wells Fargo & Company lowered their price target on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $19.50.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $21.30 on Friday. FS KKR Capital Corp. has a 1 year low of $17.42 and a 1 year high of $24.10. The firm has a 50 day moving average price of $20.15 and a 200 day moving average price of $21.43. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 11.33 and a beta of 0.98. 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 released its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. During the same period in the previous year, the firm earned $0.62 earnings per share. FS KKR Capital's revenue was down 7.8% compared to the same quarter last year. Sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a yield of 12.02%. FS KKR Capital's payout ratio is 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.

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