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

Wescott Financial Advisory Group LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,118 shares of the company’s stock after purchasing an additional 600 shares during the period. Wescott Financial Advisory Group LLC’s holdings in FS KKR Capital were worth $417,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. WESPAC Advisors LLC lifted its stake in FS KKR Capital by 38.4% in the third quarter. WESPAC Advisors LLC now owns 24,445 shares of the company’s stock worth $482,000 after acquiring an additional 6,778 shares during the period. 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. lifted its stake in FS KKR Capital by 17.5% in the third quarter. Great Valley Advisor Group Inc. now owns 30,461 shares of the company’s stock worth $601,000 after acquiring an additional 4,534 shares during the period. Nwam LLC purchased a new stake in FS KKR Capital in the third quarter worth about $235,000. Finally, Meridian Wealth Management LLC purchased a new stake in FS KKR Capital in the third quarter worth about $404,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of research reports. Royal Bank of Canada upped their price objective 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 lowered their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Stock Performance

FSK stock opened at $21.77 on Friday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 11.58 and a beta of 1.25. The firm has a 50-day simple moving average of $20.40 and a two-hundred day simple moving average of $20.10. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $21.79. 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 released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.80 earnings per share. 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 business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.70 dividend. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. 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.