Global Wealth Management Investment Advisory Inc. Buys 895 Shares of FS KKR Capital Corp. (NYSE:FSK)

Global Wealth Management Investment Advisory Inc. grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.9% in the fourth quarter, Holdings Channel reports. The fund owned 31,920 shares of the company’s stock after acquiring an additional 895 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in FS KKR Capital were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Center for Financial Planning Inc. grew its position in shares of FS KKR Capital by 147.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock valued at $39,000 after acquiring an additional 1,179 shares during the period. Planned Solutions Inc. purchased a new stake in shares of FS KKR Capital during the 4th quarter valued at approximately $40,000. Provence Wealth Management Group purchased a new stake in shares of FS KKR Capital during the 3rd quarter valued at approximately $45,000. Citigroup Inc. lifted its stake in shares of FS KKR Capital by 587.2% during the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock valued at $49,000 after buying an additional 2,114 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in shares of FS KKR Capital by 20.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock valued at $66,000 after buying an additional 575 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on FSK shares. Royal Bank of Canada dropped their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $21.50 to $19.50 in a research note on Tuesday, February 27th. Wells Fargo & Company increased their target price on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.17.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 7,300 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $18.73 per share, with a total value of $136,729.00. Following the acquisition, the insider now directly owns 39,800 shares of the company’s stock, valued at $745,454. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.22% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $19.22 on Thursday. The company’s fifty day moving average price is $19.06 and its 200-day moving average price is $19.66. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 7.72 and a beta of 1.23. FS KKR Capital Corp. has a one year low of $17.50 and a one year high of $20.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $447.00 million for the quarter, compared to analyst estimates of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same quarter in the prior year, the firm earned $0.81 EPS. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.32%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s payout ratio is 102.81%.

About FS KKR Capital

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.