Cascade Investment Group Inc. Acquires 10,450 Shares of FS KKR Capital Corp. (NYSE:FSK)

Cascade Investment Group Inc. grew its stake in FS KKR Capital Corp. (NYSE:FSK) by 19.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,073 shares of the company’s stock after acquiring an additional 10,450 shares during the quarter. FS KKR Capital comprises about 1.0% of Cascade Investment Group Inc.’s portfolio, making the stock its 26th biggest position. Cascade Investment Group Inc.’s holdings in FS KKR Capital were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wescott Financial Advisory Group LLC lifted its position in shares of FS KKR Capital by 2.9% during the third quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after buying an additional 600 shares during the last quarter. McIlrath & Eck LLC lifted its position in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares during the last quarter. Centaurus Financial Inc. boosted its stake in FS KKR Capital by 0.8% in the third quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after acquiring an additional 935 shares in the last quarter. Souders Financial Advisors grew its holdings in FS KKR Capital by 3.9% in the second quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock worth $497,000 after purchasing an additional 950 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of FS KKR Capital by 1.9% during the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock worth $1,039,000 after purchasing an additional 991 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FSK shares. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. B. Riley downgraded 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 report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and a consensus price target of $20.25.

FS KKR Capital Trading Up 0.5 %

Shares of FS KKR Capital stock opened at $22.27 on Monday. The stock has a market cap of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24. The firm has a fifty day moving average price of $21.58 and a 200 day moving average price of $20.57. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $22.40. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

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

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 11,500 shares of company stock worth $248,910 in the last ninety days. Company insiders own 0.25% of the company’s stock.

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.