Wealthcare Capital Partners LLC Sells 1,604 Shares of FS KKR Capital Corp. $FSK

Wealthcare Capital Partners LLC reduced its position in FS KKR Capital Corp. (NYSE:FSK) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,641 shares of the company’s stock after selling 1,604 shares during the quarter. Wealthcare Capital Partners LLC’s holdings in FS KKR Capital were worth $491,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in FS KKR Capital by 2.8% in the 1st quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock valued at $77,144,000 after buying an additional 98,647 shares during the period. Cura Wealth Advisors LLC increased its holdings in FS KKR Capital by 1.1% in the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock valued at $37,387,000 after buying an additional 19,367 shares during the period. Transcend Capital Advisors LLC increased its holdings in FS KKR Capital by 2.3% in the 1st quarter. Transcend Capital Advisors LLC now owns 1,405,884 shares of the company’s stock valued at $29,453,000 after buying an additional 31,039 shares during the period. Cetera Investment Advisers increased its holdings in FS KKR Capital by 4.8% in the 1st quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock valued at $20,303,000 after buying an additional 44,087 shares during the period. Finally, Fountainhead AM LLC increased its holdings in FS KKR Capital by 1.2% in the 1st quarter. Fountainhead AM LLC now owns 898,059 shares of the company’s stock valued at $18,814,000 after buying an additional 10,565 shares during the period. 36.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

FSK has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research note on Friday, August 8th. Royal Bank Of Canada reduced their price target 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. Zacks Research upgraded shares of FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Saturday, September 27th. Finally, Keefe, Bruyette & Woods reduced 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. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Reduce” and a consensus target price of $17.75.

FS KKR Capital Stock Down 2.3%

NYSE:FSK opened at $14.96 on Friday. The firm’s 50 day simple moving average is $17.64 and its 200 day simple moving average is $19.63. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital Corp. has a one year low of $14.76 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK) last posted 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 return on equity of 6.24% and a net margin of 13.24%.The business had revenue of $398.00 million for the quarter, compared to analyst estimates of $402.00 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, equities analysts anticipate 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 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 18.7%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is presently 328.21%.

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.