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

WESPAC Advisors LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK) by 38.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,445 shares of the company’s stock after acquiring an additional 6,778 shares during the quarter. WESPAC Advisors LLC’s holdings in FS KKR Capital were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

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

FS KKR Capital Stock Performance

NYSE:FSK opened at $21.77 on Friday. The stock has a 50-day simple moving average of $20.40 and a two-hundred day simple moving average of $20.10. 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 Corp. has a 52-week low of $18.31 and a 52-week high of $21.79. The firm has a market capitalization of $6.10 billion, a PE ratio of 11.58 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data 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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same period in the previous year, the company posted $0.80 EPS. Analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This is a boost 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 is 136.17%.

Analyst Ratings Changes

A number of research firms have weighed in on FSK. Wells Fargo & Company lowered 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. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and a consensus target price of $20.06.

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.