FLC Capital Advisors Acquires Shares of 10,359 FS KKR Capital Corp. (NYSE:FSK)

FLC Capital Advisors bought a new position in FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 10,359 shares of the company’s stock, valued at approximately $225,000.

Other large investors have also recently modified their holdings of the company. McIlrath & Eck LLC lifted its position in FS KKR Capital by 47.5% in 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 purchased a new stake in shares of FS KKR Capital in the fourth quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake 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 purchasing an additional 3,744 shares during the period. Finally, Sound Income Strategies LLC grew its holdings 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 purchasing an additional 1,280 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $22.27 on Monday. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.40. The company has a market capitalization of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24. The company has a 50 day moving average price of $21.58 and a 200-day moving average price of $20.57. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last issued its earnings results 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. 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 analyst estimates of $423.58 million. During the same period in the previous year, the company posted $0.80 EPS. As a group, equities analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FSK. Royal Bank of Canada raised their price objective on shares of 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. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.25.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the acquisition, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 11,500 shares of company stock valued at $248,910 over the last three months. 0.25% of the stock is owned by company insiders.

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.