Capital Management Associates Inc Sells 16,349 Shares of FS KKR Capital Corp. (NYSE:FSK)

Capital Management Associates Inc reduced its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 39.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,530 shares of the company’s stock after selling 16,349 shares during the quarter. Capital Management Associates Inc’s holdings in FS KKR Capital were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital during the fourth quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. raised its position in FS KKR Capital by 122.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after buying an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after acquiring an additional 3,744 shares during the last quarter. Finally, Financial Life Planners bought a new position in shares of FS KKR Capital during the 4th quarter worth approximately $206,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $23.23 on Friday. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.47. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.25. The company has a 50-day simple moving average of $21.95 and a 200 day simple moving average of $20.82. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter last year, the company earned $0.80 earnings per share. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a report on Wednesday, December 11th. Royal Bank of Canada raised their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.63.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired 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 owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 11,500 shares of company stock valued at $248,910 in the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

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.