Tyche Wealth Partners LLC Sells 5,500 Shares of FS KKR Capital Corp. $FSK

Tyche Wealth Partners LLC trimmed its position in FS KKR Capital Corp. (NYSE:FSK) by 34.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,577 shares of the company’s stock after selling 5,500 shares during the period. Tyche Wealth Partners LLC’s holdings in FS KKR Capital were worth $219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FSK. Kingswood Wealth Advisors LLC boosted its position in 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 during the last quarter. SCS Capital Management LLC purchased a new position in FS KKR Capital in the first quarter worth about $10,822,000. Wellington Management Group LLP purchased a new position in FS KKR Capital in the first quarter worth about $9,218,000. Cubist Systematic Strategies LLC purchased a new position in FS KKR Capital in the first quarter worth about $8,342,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in FS KKR Capital in the first quarter worth about $6,383,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

NYSE:FSK opened at $14.52 on Wednesday. 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 12-month low of $14.28 and a 12-month high of $24.10. The stock has a 50-day moving average price of $17.36 and a 200 day moving average price of $19.54.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share (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 analysts’ expectations of $402.00 million. During the same quarter in the prior year, the business posted $0.75 EPS. On average, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Wednesday, September 17th were given a dividend of $0.70 per share. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a dividend yield of 19.3%. The ex-dividend date was Wednesday, September 17th. FS KKR Capital’s dividend payout ratio (DPR) is 328.21%.

Wall Street Analyst Weigh In

FSK has been the topic of several research reports. Royal Bank Of Canada dropped their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 26th. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. JPMorgan Chase & Co. reduced their price target on 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. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target for the company in a research report on Monday. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $17.75.

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.