Centerpoint Advisory Group Takes Position in FS KKR Capital Corp. (NYSE:FSK)

Centerpoint Advisory Group acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,860 shares of the company's stock, valued at approximately $1,148,000. FS KKR Capital makes up approximately 1.1% of Centerpoint Advisory Group's investment portfolio, making the stock its 26th biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. McIlrath & Eck LLC lifted its stake in shares of FS KKR Capital by 47.5% in the 3rd 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 last quarter. FNY Investment Advisers LLC acquired a new stake in shares of FS KKR Capital during the fourth quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 worth $60,000 after purchasing an additional 1,520 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $69,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in 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 buying an additional 3,744 shares during the last quarter. Institutional investors own 36.26% of the company's stock.

Analyst Ratings Changes

FSK has been the subject of several recent research reports. 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 research report on Monday, February 3rd. B. Riley downgraded FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective for the company. in a report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, Royal Bank of Canada upped their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a "sector perform" rating in a research report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.63.

FS KKR Capital Trading Up 0.4 %

FS KKR Capital stock traded up $0.10 during trading hours on Wednesday, reaching $24.05. 1,258,176 shares of the company's stock were exchanged, compared to its average volume of 1,212,974. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $24.10. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm's 50 day simple moving average is $22.29 and its 200 day simple moving average is $21.04. The firm has a market capitalization of $6.74 billion, a PE ratio of 12.79 and a beta of 1.25.

Insider Activity

In related news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the acquisition, the insider now owns 49,800 shares of the company's stock, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased 11,500 shares of company stock worth $248,910 in the last quarter. 0.25% of the stock is 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.