Adamsbrown Wealth Consultants LLC Buys 6,599 Shares of FS KKR Capital Corp. (NYSE:FSK)

Adamsbrown Wealth Consultants LLC increased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 56,772 shares of the company’s stock after purchasing an additional 6,599 shares during the quarter. FS KKR Capital makes up 0.4% of Adamsbrown Wealth Consultants LLC’s holdings, making the stock its 29th biggest position. Adamsbrown Wealth Consultants LLC’s holdings in FS KKR Capital were worth $1,233,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Van ECK Associates Corp grew its position in FS KKR Capital by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after acquiring an additional 356,704 shares during the last quarter. Commonwealth Equity Services LLC grew its position in FS KKR Capital by 4.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock valued at $84,487,000 after acquiring an additional 188,542 shares during the last quarter. International Assets Investment Management LLC grew its position in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after acquiring an additional 3,012,711 shares during the last quarter. Strong Tower Advisory Services grew its position in FS KKR Capital by 3.5% in the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after acquiring an additional 36,127 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in FS KKR Capital by 4.1% in the 3rd quarter. Private Advisor Group LLC now owns 894,704 shares of the company’s stock valued at $17,653,000 after acquiring an additional 35,455 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 1.1 %

Shares of NYSE FSK opened at $23.35 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $6.54 billion, a P/E ratio of 12.42 and a beta of 1.24. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.47. The business has a fifty day moving average price of $21.86 and a 200 day moving average price of $20.75.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data 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 firm had revenue of $441.00 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $0.80 EPS. Equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought 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 in the company, valued at $1,061,238. This represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 11,500 shares of company stock worth $248,910 in the last three months. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FSK. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Wells Fargo & Company reissued 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. Finally, Royal Bank of Canada increased their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.