Entropy Technologies LP purchased a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,836 shares of the company's stock, valued at approximately $257,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FSK. McIlrath & Eck LLC grew 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 valued at $41,000 after buying an additional 675 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock valued at $60,000 after acquiring an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in 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 acquiring an additional 3,744 shares during the period. Finally, Financial Life Planners purchased a new stake in FS KKR Capital in the 4th quarter worth approximately $206,000. 36.26% of the stock is currently owned by institutional investors.
Insider Buying and Selling at FS KKR Capital
In other FS KKR Capital news, insider Brian Gerson bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 11,500 shares of company stock worth $248,910 over the last ninety days. Insiders own 0.25% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on FSK. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a report on Monday, November 18th. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. B. Riley downgraded 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. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $20.63.
Check Out Our Latest Stock Report on FSK
FS KKR Capital Price Performance
Shares of FS KKR Capital stock traded up $0.34 during trading on Monday, hitting $23.70. 1,237,699 shares of the stock traded hands, compared to its average volume of 1,170,332. The firm's fifty day moving average is $22.19 and its 200-day moving average is $20.98. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 12.61 and a beta of 1.25. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.73. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.
About FS KKR Capital
(
Free Report)
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.
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