Chung Wu Investment Group LLC Purchases Shares of 3,500 FS KKR Capital Corp. $FSK

Chung Wu Investment Group LLC purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,500 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSK. Flaharty Asset Management LLC acquired a new stake in FS KKR Capital during the 1st quarter worth approximately $29,000. Trust Co. of Vermont boosted its position in FS KKR Capital by 51.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after purchasing an additional 515 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in FS KKR Capital in the 1st quarter valued at $34,000. Wealth Preservation Advisors LLC acquired a new position in shares of FS KKR Capital during the first quarter worth about $42,000. Finally, Compass Financial Services Inc purchased a new stake in shares of FS KKR Capital in the first quarter worth about $50,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Trading Down 2.3%

Shares of NYSE FSK opened at $14.96 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40. The stock’s 50 day moving average price is $17.64 and its two-hundred day moving average price is $19.62. FS KKR Capital Corp. has a 52-week low of $14.76 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The business had revenue of $398.00 million during the quarter, compared to analyst estimates of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same period in the prior year, the firm earned $0.75 EPS. As a group, equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th were issued a $0.70 dividend. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a yield of 18.7%. The ex-dividend date of this dividend was Wednesday, September 17th. FS KKR Capital’s dividend payout ratio is 328.21%.

Analyst Ratings Changes

FSK has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Research raised shares of FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. 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 research report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a report on Saturday, September 27th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, FS KKR Capital currently has a consensus rating of “Reduce” and an average price target of $17.75.

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.