WESPAC Advisors LLC Has $767,000 Stock Position in FS KKR Capital Corp. $FSK

WESPAC Advisors LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,957 shares of the company’s stock after acquiring an additional 2,364 shares during the period. WESPAC Advisors LLC’s holdings in FS KKR Capital were worth $767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FSK. Kingswood Wealth Advisors LLC grew its stake in shares of FS KKR Capital by 250.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 788,025 shares of the company’s stock worth $16,831,000 after acquiring an additional 563,432 shares during the last quarter. SCS Capital Management LLC acquired a new stake in shares of FS KKR Capital in the first quarter worth $10,822,000. Wellington Management Group LLP acquired a new stake in shares of FS KKR Capital in the first quarter worth $9,218,000. Cubist Systematic Strategies LLC acquired a new stake in shares of FS KKR Capital in the first quarter worth $8,342,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of FS KKR Capital in the first quarter worth $6,383,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Down 1.1%

Shares of NYSE:FSK opened at $14.52 on Wednesday. FS KKR Capital Corp. has a 52 week low of $14.28 and a 52 week high of $24.10. 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 company’s fifty day moving average is $17.36 and its 200-day moving average is $19.54.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The firm had revenue of $398.00 million during the quarter, compared to analyst estimates of $402.00 million. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th were paid a $0.70 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $2.80 annualized dividend and a dividend yield of 19.3%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio is presently 328.21%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their price objective on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods decreased 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 research note on Monday. Finally, Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average 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.