U.S. Capital Wealth Advisors LLC Invests $388,000 in FS KKR Capital Corp. $FSK

U.S. Capital Wealth Advisors LLC bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 18,686 shares of the company’s stock, valued at approximately $388,000.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of FS KKR Capital by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after purchasing an additional 32,258 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FS KKR Capital by 35.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock worth $607,000 after purchasing an additional 7,620 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of FS KKR Capital during the 1st quarter worth about $6,383,000. Oppenheimer & Co. Inc. boosted its holdings in FS KKR Capital by 5.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock worth $356,000 after acquiring an additional 945 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in FS KKR Capital by 11.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 129,330 shares of the company’s stock worth $2,809,000 after acquiring an additional 12,782 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FSK. Keefe, Bruyette & Woods decreased their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company decreased their price target on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a report on Friday, August 8th. Royal Bank Of Canada decreased their price target on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $18.42.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $15.18 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. The stock has a 50 day moving average of $18.36 and a 200-day moving average of $19.85. FS KKR Capital Corp. has a 52 week low of $14.90 and a 52 week high of $24.10.

FS KKR Capital (NYSE:FSK) last released 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). The business had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same quarter last year, the company posted $0.75 earnings per share. Equities analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.70 per share. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, September 17th. This represents a $2.80 annualized dividend and a dividend yield of 18.4%. FS KKR Capital’s dividend payout ratio (DPR) is currently 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.