FS KKR Capital Corp. $FSK Stock Position Lifted by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its stake in FS KKR Capital Corp. (NYSE:FSK) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,810 shares of the company’s stock after buying an additional 5,054 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in FS KKR Capital were worth $1,075,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of FS KKR Capital by 0.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock valued at $89,514,000 after acquiring an additional 28,619 shares in the last quarter. LPL Financial LLC boosted its position in FS KKR Capital by 2.8% during the first quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock valued at $77,144,000 after purchasing an additional 98,647 shares during the last quarter. Generali Asset Management SPA SGR grew its stake in FS KKR Capital by 21.7% in the second quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock valued at $51,569,000 after purchasing an additional 442,374 shares in the last quarter. Cura Wealth Advisors LLC increased its position in FS KKR Capital by 1.1% in the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock worth $37,387,000 after purchasing an additional 19,367 shares during the last quarter. Finally, CCLA Investment Management purchased a new stake in shares of FS KKR Capital during the 2nd quarter worth about $33,463,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $15.21 on Friday. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10. The company has a current ratio of 1.30, a quick ratio of 2.40 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $15.71 and its two-hundred day moving average is $18.76.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The business had revenue of $373.00 million during the quarter, compared to the consensus estimate of $374.89 million. During the same period in the prior year, the firm earned $0.74 EPS. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 16.8%. The ex-dividend date is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is 263.92%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target on the stock in a report on Monday, October 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.75.

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.