Apollon Wealth Management LLC Buys 95,751 Shares of FS KKR Capital Corp. (NYSE:FSK)

Apollon Wealth Management LLC boosted its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 136.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 166,088 shares of the company's stock after purchasing an additional 95,751 shares during the period. Apollon Wealth Management LLC owned approximately 0.06% of FS KKR Capital worth $3,607,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC lifted its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after acquiring an additional 675 shares during the period. FNY Investment Advisers LLC purchased a new position in FS KKR Capital in the fourth quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of FS KKR Capital by 122.6% in the fourth 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 period. Nomura Asset Management Co. Ltd. increased 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 raised its holdings in FS KKR Capital by 14.9% in the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company's stock worth $195,000 after purchasing an additional 1,280 shares during the period. Hedge funds and other institutional investors own 36.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FSK shares. JPMorgan Chase & Co. upped 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 report on Monday, February 3rd. B. Riley cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Wells Fargo & Company restated an "equal weight" rating and issued a $21.00 price objective on shares of FS KKR Capital in a report 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 stock a "sector perform" rating in a report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital has a consensus rating of "Hold" and a consensus target price of $20.63.

FS KKR Capital Stock Up 0.9 %

NYSE FSK traded up $0.21 during mid-day trading on Wednesday, reaching $23.37. 1,060,245 shares of the company's stock traded hands, compared to its average volume of 1,213,109. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.47. 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 $6.55 billion, a price-to-earnings ratio of 12.43 and a beta of 1.25. The company has a fifty day simple moving average of $22.02 and a 200-day simple moving average of $20.89.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the company's stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the acquisition, the insider now owns 49,800 shares of the company's stock, valued at approximately $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over 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 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.