Chung Wu Investment Group LLC Invests $73,000 in FS KKR Capital Corp. $FSK

Chung Wu Investment Group LLC acquired a new position in FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,500 shares of the company’s stock, valued at approximately $73,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC grew its stake in shares of FS KKR Capital by 250.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 788,025 shares of the company’s stock worth $16,831,000 after purchasing an additional 563,432 shares in the last quarter. SCS Capital Management LLC bought a new stake in shares of FS KKR Capital during the 1st quarter worth about $10,822,000. Wellington Management Group LLP acquired a new stake in shares of FS KKR Capital in the 1st quarter worth approximately $9,218,000. Cubist Systematic Strategies LLC acquired a new stake in shares of FS KKR Capital in the 1st quarter worth approximately $8,342,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of FS KKR Capital in the first quarter valued at approximately $6,383,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

NYSE FSK opened at $14.96 on Monday. FS KKR Capital Corp. has a 52-week low of $14.76 and a 52-week high of $24.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. The company has a 50 day simple moving average of $17.64 and a 200-day simple moving average of $19.62.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The firm had revenue of $398.00 million during 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 firm earned $0.75 EPS. Research 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 declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th were paid a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date was Wednesday, September 17th. This represents a $2.80 annualized dividend and a dividend yield of 18.7%. FS KKR Capital’s dividend payout ratio is currently 328.21%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FSK. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Saturday, September 27th. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, August 12th. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a report on Friday. Zacks Research raised shares of FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price 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.