Global Wealth Management Investment Advisory Inc. Purchases 3,875 Shares of FS KKR Capital Corp. (NYSE:FSK)

Global Wealth Management Investment Advisory Inc. increased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,054 shares of the company’s stock after buying an additional 3,875 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in FS KKR Capital were worth $1,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wescott Financial Advisory Group LLC grew its stake in FS KKR Capital by 2.9% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after purchasing an additional 600 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in shares of 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 purchasing an additional 675 shares during the period. Wagner Wealth Management LLC lifted its holdings in shares of FS KKR Capital by 6.4% during the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock worth $245,000 after purchasing an additional 679 shares during the period. Perigon Wealth Management LLC boosted its position in FS KKR Capital by 5.0% in the fourth quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company’s stock valued at $321,000 after buying an additional 689 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its holdings in FS KKR Capital by 1.9% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 49,985 shares of the company’s stock worth $1,086,000 after buying an additional 919 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on FSK. Royal Bank of Canada lifted 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. JPMorgan Chase & Co. upped their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company reaffirmed 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, B. Riley downgraded 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 analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.63.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the transaction, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired a total of 11,500 shares of company stock valued at $248,910 in the last three months. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $23.23 on Monday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $23.47. The business’s 50 day moving average is $21.97 and its two-hundred day moving average is $20.85. The company has a market capitalization of $6.50 billion, a P/E ratio of 12.35 and a beta of 1.25.

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.