Redwood Wealth Management Group LLC Sells 1,435 Shares of FS KKR Capital Corp. (NYSE:FSK)

Redwood Wealth Management Group LLC lessened its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,610 shares of the company’s stock after selling 1,435 shares during the period. Redwood Wealth Management Group LLC’s holdings in FS KKR Capital were worth $448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC increased its holdings in 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 during the period. FNY Investment Advisers LLC purchased a new stake in shares of FS KKR Capital in the 4th quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 valued at $60,000 after purchasing an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted 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 in the last quarter. Finally, Sound Income Strategies LLC boosted its position in 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 buying an additional 1,280 shares during the period. Institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of FS KKR Capital stock in a transaction dated Tuesday, December 3rd. The shares were purchased 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 approximately $333,606.72. This represents a 49.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 11,500 shares of company stock valued at $248,910 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FSK has been the subject of several analyst reports. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company restated 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 raised their price objective on shares of 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. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus target price of $20.63.

FS KKR Capital Stock Performance

FSK opened at $23.26 on Wednesday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 12.37 and a beta of 1.25. The company’s 50 day moving average is $21.91 and its 200 day moving average is $20.79. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $23.47.

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

FS KKR Capital 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.