Wescott Financial Advisory Group LLC Buys 600 Shares of FS KKR Capital Corp. (NYSE:FSK)

Wescott Financial Advisory Group LLC boosted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,118 shares of the company’s stock after acquiring an additional 600 shares during the quarter. Wescott Financial Advisory Group LLC’s holdings in FS KKR Capital were worth $417,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FSK. WESPAC Advisors LLC increased its stake in shares of FS KKR Capital by 38.4% during the 3rd quarter. WESPAC Advisors LLC now owns 24,445 shares of the company’s stock worth $482,000 after purchasing an additional 6,778 shares during the last quarter. Cerity Partners LLC boosted its holdings in FS KKR Capital by 159.2% in the 3rd quarter. Cerity Partners LLC now owns 31,076 shares of the company’s stock worth $613,000 after buying an additional 19,087 shares during the period. Great Valley Advisor Group Inc. boosted 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 buying an additional 4,534 shares during the period. Nwam LLC bought a new position in FS KKR Capital in the 3rd quarter worth approximately $235,000. Finally, Meridian Wealth Management LLC bought a new position in FS KKR Capital in the 3rd quarter worth approximately $404,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 1.1 %

Shares of NYSE FSK opened at $21.77 on Friday. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $21.79. The stock has a market cap of $6.10 billion, a P/E ratio of 11.58 and a beta of 1.25. The firm has a 50-day moving average of $20.40 and a 200 day moving average of $20.10. 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 (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period last year, the company posted $0.80 EPS. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

Analysts Set New Price Targets

A number of research firms have recently commented on FSK. Wells Fargo & Company reduced their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. 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 report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average price target of $20.06.

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.