Global Wealth Management Investment Advisory Inc. Acquires 5,054 Shares of FS KKR Capital Corp. $FSK

Global Wealth Management Investment Advisory Inc. increased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 10.8% during the second quarter, HoldingsChannel reports. The fund owned 51,810 shares of the company’s stock after acquiring an additional 5,054 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in FS KKR Capital were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Prospera Financial Services Inc grew its position in FS KKR Capital by 54.8% in the 2nd quarter. Prospera Financial Services Inc now owns 46,771 shares of the company’s stock worth $971,000 after purchasing an additional 16,556 shares during the last quarter. Legacy Wealth Managment LLC ID grew its position in FS KKR Capital by 14.0% during the second quarter. Legacy Wealth Managment LLC ID now owns 168,407 shares of the company’s stock worth $3,494,000 after buying an additional 20,712 shares in the last quarter. Savant Capital LLC increased its stake in FS KKR Capital by 37.0% during the second quarter. Savant Capital LLC now owns 21,685 shares of the company’s stock valued at $450,000 after acquiring an additional 5,857 shares during the period. Soltis Investment Advisors LLC raised its holdings in FS KKR Capital by 23.0% in the 2nd quarter. Soltis Investment Advisors LLC now owns 22,545 shares of the company’s stock valued at $468,000 after acquiring an additional 4,216 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in FS KKR Capital by 0.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock valued at $89,514,000 after acquiring an additional 28,619 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $15.21 on Friday. The stock has a fifty day moving average price of $15.71 and a two-hundred day moving average price of $18.76. FS KKR Capital Corp. has a 52-week low of $14.05 and a 52-week high of $24.10. The company has a current ratio of 1.30, a quick ratio of 2.40 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $373.00 million for the quarter, compared to the consensus estimate of $374.89 million. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. During the same quarter in the previous year, the company earned $0.74 EPS. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 16.8%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is currently 263.92%.

Analysts Set New Price Targets

FSK has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Wells Fargo & Company raised shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target on the stock in a report on Monday, October 6th. Royal Bank Of Canada reduced their price objective on shares of 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. Finally, Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.75.

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.