Flagship Harbor Advisors LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK – Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,168 shares of the company’s stock after acquiring an additional 4,659 shares during the quarter. Flagship Harbor Advisors LLC owned 0.13% of FS KKR Capital worth $8,127,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in FS KKR Capital by 1.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 342,135 shares of the company’s stock worth $7,431,000 after acquiring an additional 5,825 shares in the last quarter. LexAurum Advisors LLC raised its position in FS KKR Capital by 20.6% during the fourth quarter. LexAurum Advisors LLC now owns 47,991 shares of the company’s stock worth $1,042,000 after acquiring an additional 8,211 shares in the last quarter. Secure Asset Management LLC raised its position in FS KKR Capital by 34.7% during the fourth quarter. Secure Asset Management LLC now owns 21,200 shares of the company’s stock worth $460,000 after acquiring an additional 5,462 shares in the last quarter. GoalVest Advisory LLC raised its position in shares of FS KKR Capital by 5.0% in the fourth quarter. GoalVest Advisory LLC now owns 57,702 shares of the company’s stock valued at $1,253,000 after purchasing an additional 2,750 shares during the period. Finally, Advisory Alpha LLC bought a new position in shares of FS KKR Capital in the fourth quarter valued at about $395,000. 36.26% of the stock is owned by institutional investors.
Analyst Ratings Changes
FSK has been the topic of several research analyst reports. Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.25.
FS KKR Capital Trading Up 0.6 %
FSK stock opened at $22.65 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company’s 50-day simple moving average is $21.71 and its 200 day simple moving average is $20.65. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.67. The company has a market capitalization of $6.34 billion, a PE ratio of 12.05 and a beta of 1.24.
FS KKR Capital (NYSE:FSK – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the prior year, the company posted $0.80 earnings per share. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought 11,500 shares of company stock worth $248,910 over the last ninety days. Corporate insiders own 0.25% of the company’s stock.
FS KKR Capital Company 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.
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