Saxony Capital Management LLC Buys New Position in FS KKR Capital Corp. (NYSE:FSK)

Saxony Capital Management LLC purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, HoldingsChannel reports. The firm purchased 9,556 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the 4th quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of 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 worth $60,000 after acquiring an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of FS KKR Capital by 164.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after purchasing an additional 3,744 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of FS KKR Capital by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after purchasing an additional 1,280 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK opened at $23.11 on Friday. The business’s fifty day moving average is $21.80 and its 200 day moving average is $20.70. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $23.18. 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 stock has a market cap of $6.47 billion, a P/E ratio of 12.29 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.80 earnings per share. Sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Insider Activity at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of the company’s stock in a transaction on 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 purchase, the insider now owns 15,109 shares in the company, valued at approximately $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note 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 target price on the stock. in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.25.

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.