Spire Wealth Management Grows Position in FS KKR Capital Corp. (NYSE:FSK)

Spire Wealth Management grew its stake in FS KKR Capital Corp. (NYSE:FSK) by 22.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,812 shares of the company’s stock after buying an additional 23,728 shares during the period. Spire Wealth Management’s holdings in FS KKR Capital were worth $2,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% in 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 during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after purchasing an additional 3,744 shares during the period. Finally, Sound Income Strategies LLC boosted its position in FS KKR Capital by 14.9% in the third 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 during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

NYSE:FSK opened at $23.35 on Monday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.47. The stock’s 50-day moving average price is $21.86 and its 200-day moving average price is $20.75. The stock has a market capitalization of $6.54 billion, a PE ratio of 12.42 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.80 earnings per share. As a group, equities analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Gerson bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the transaction, the insider now directly owns 15,109 shares in the company, valued at $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders purchased 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. B. Riley cut shares of 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. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, Royal Bank of Canada upped their target price on 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 research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.25.

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.