Mirae Asset Global Investments Co. Ltd. Purchases Shares of 21,300 FS KKR Capital Corp. (NYSE:FSK)

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, Holdings Channel reports. The fund acquired 21,300 shares of the company’s stock, valued at approximately $462,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wescott Financial Advisory Group LLC raised its position in FS KKR Capital by 2.9% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after purchasing an additional 600 shares during the last quarter. McIlrath & Eck LLC increased its holdings in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of FS KKR Capital by 5.0% during the fourth quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company’s stock worth $321,000 after purchasing an additional 689 shares during the period. Centaurus Financial Inc. increased its stake in FS KKR Capital by 0.8% in the 3rd quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after buying an additional 935 shares during the period. Finally, Confluence Investment Management LLC lifted its stake in shares of FS KKR Capital by 1.9% in the 3rd quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock worth $1,039,000 after acquiring an additional 991 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on FSK shares. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price target 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 restated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.63.

Insider Transactions at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the acquisition, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. The trade was a 49.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 11,500 shares of company stock worth $248,910 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Trading Up 0.9 %

FS KKR Capital stock opened at $23.37 on Thursday. The stock has a market cap of $6.55 billion, a PE ratio of 12.43 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a 50-day moving average price of $22.02 and a 200 day moving average price of $20.89. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.47.

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.