Patriot Financial Group Insurance Agency LLC Decreases Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Patriot Financial Group Insurance Agency LLC cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,885 shares of the company’s stock after selling 1,677 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in FS KKR Capital were worth $649,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. McIlrath & Eck LLC raised its position in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after acquiring an additional 675 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the fourth quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after buying an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of 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 buying an additional 3,744 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of FS KKR Capital by 14.9% in the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after buying an additional 1,280 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction dated 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 directly owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FSK has been the subject of a number of research reports. Royal Bank of Canada boosted 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. B. Riley downgraded 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. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.25.

FS KKR Capital Stock Up 0.9 %

FSK opened at $23.01 on Wednesday. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.02. The business has a 50 day moving average price of $21.77 and a two-hundred day moving average price of $20.69. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $6.44 billion, a PE ratio of 12.24 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate 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 business had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

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.