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

Wealthcare Capital Partners LLC purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) during the first quarter, HoldingsChannel reports. The institutional investor purchased 25,245 shares of the company’s stock, valued at approximately $529,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSK. Mirae Asset Global Investments Co. Ltd. acquired a new position in FS KKR Capital during the fourth quarter valued at approximately $462,000. Choreo LLC lifted its position in shares of FS KKR Capital by 5.6% during the fourth quarter. Choreo LLC now owns 41,038 shares of the company’s stock worth $891,000 after purchasing an additional 2,192 shares in the last quarter. Financial Advocates Investment Management lifted its position in shares of FS KKR Capital by 8.3% during the fourth quarter. Financial Advocates Investment Management now owns 13,386 shares of the company’s stock worth $291,000 after purchasing an additional 1,024 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of FS KKR Capital during the fourth quarter worth $652,000. Finally, Strategic Financial Concepts LLC lifted its position in shares of FS KKR Capital by 2,029.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after purchasing an additional 289,278 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank of Canada reduced their target price on shares of 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 reduced their target price on shares of 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 reduced their target price on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. B. Riley assumed 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.50.

FS KKR Capital Trading Up 1.2%

FSK opened at $21.30 on Friday. The stock has a market capitalization of $5.97 billion, a PE ratio of 11.33 and a beta of 0.98. The firm’s fifty day moving average price is $20.15 and its 200 day moving average price is $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 12-month low of $17.42 and a 12-month high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $400.00 million for the quarter, compared to analysts’ expectations of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. As a group, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently declared 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 annualized dividend and a yield of 12.02%. FS KKR Capital’s dividend payout ratio is presently 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.