Sovran Advisors LLC Purchases New Holdings in FS KKR Capital Corp. (NYSE:FSK)

Sovran Advisors LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 13,026 shares of the company's stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC raised its holdings in 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 in the last quarter. FNY Investment Advisers LLC acquired a new position in FS KKR Capital during the 4th quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. increased its position in FS KKR Capital by 122.6% during the 4th 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 period. Nomura Asset Management Co. Ltd. increased its position 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 purchasing an additional 3,744 shares during the period. Finally, Essex Financial Services Inc. purchased a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $202,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 1.5 %

Shares of FS KKR Capital stock traded up $0.34 during trading hours on Friday, reaching $23.70. The stock had a trading volume of 1,237,699 shares, compared to its average volume of 1,170,332. The firm has a 50 day simple moving average of $22.14 and a two-hundred day simple moving average of $20.96. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 12.61 and a beta of 1.25. 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 1 year low of $18.31 and a 1 year high of $23.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FSK shares. B. Riley downgraded 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 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. JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada increased 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 report on Monday, November 18th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.63.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the purchase, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by corporate insiders.

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.