Wealthedge Investment Advisors LLC Acquires Shares of 20,303 FS KKR Capital Corp. (NYSE:FSK)

Wealthedge Investment Advisors LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,303 shares of the company's stock, valued at approximately $441,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSK. Barclays PLC grew its position in shares of FS KKR Capital by 24.8% in the 3rd quarter. Barclays PLC now owns 327,469 shares of the company's stock worth $6,460,000 after buying an additional 65,054 shares during the period. PFG Investments LLC boosted its stake in FS KKR Capital by 7.4% in the 4th quarter. PFG Investments LLC now owns 73,447 shares of the company's stock worth $1,595,000 after purchasing an additional 5,047 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in FS KKR Capital in the 4th quarter worth about $1,852,000. Perigon Wealth Management LLC boosted its stake in FS KKR Capital by 5.0% in the 4th quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company's stock worth $321,000 after purchasing an additional 689 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its stake in FS KKR Capital by 2.6% in the 4th quarter. Strategic Blueprint LLC now owns 105,906 shares of the company's stock worth $2,300,000 after purchasing an additional 2,635 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FSK has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price target on shares of 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. JPMorgan Chase & Co. dropped their price target on shares of 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. Wells Fargo & Company dropped their price target on shares of 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. B. Riley started coverage on shares of FS KKR Capital in a research note on Tuesday, May 13th. They set a "neutral" rating and a $19.00 target price on the stock. Finally, Oppenheimer lowered their target price on shares of 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. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $19.50.

FS KKR Capital Stock Performance

Shares of NYSE:FSK traded down $0.12 during trading on Friday, hitting $21.20. The company's stock had a trading volume of 1,148,235 shares, compared to its average volume of 1,475,278. The company has a 50-day moving average of $20.14 and a 200-day moving average of $21.43. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 11.28 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $395.22 million. During the same quarter in the prior year, the business earned $0.62 EPS. The business's quarterly 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 12.08%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is presently 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.