WESPAC Advisors LLC Acquires 6,778 Shares of FS KKR Capital Corp. (NYSE:FSK)

WESPAC Advisors LLC grew its holdings in FS KKR Capital Corp. (NYSE:FSK) by 38.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,445 shares of the company’s stock after buying an additional 6,778 shares during the quarter. WESPAC Advisors LLC’s holdings in FS KKR Capital were worth $482,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in FS KKR Capital by 159.2% in the third quarter. Cerity Partners LLC now owns 31,076 shares of the company’s stock worth $613,000 after acquiring an additional 19,087 shares during the period. Great Valley Advisor Group Inc. raised its holdings in FS KKR Capital by 17.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 30,461 shares of the company’s stock worth $601,000 after purchasing an additional 4,534 shares in the last quarter. Nwam LLC bought a new position in FS KKR Capital in the 3rd quarter worth $235,000. Meridian Wealth Management LLC purchased a new stake in shares of FS KKR Capital in the 3rd quarter worth about $404,000. Finally, Concorde Asset Management LLC bought a new stake in shares of FS KKR Capital during the 3rd quarter valued at about $218,000. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company reduced their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Price Performance

Shares of FSK opened at $21.77 on Friday. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $21.79. The firm’s 50-day simple moving average is $20.40 and its two-hundred day simple moving average is $20.10. The stock has a market cap of $6.10 billion, a PE ratio of 11.58 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter in the prior year, the business posted $0.80 EPS. Analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) is presently 136.17%.

FS KKR Capital 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.