Strategic Financial Concepts LLC Buys 289,278 Shares of FS KKR Capital Corp. (NYSE:FSK)

Strategic Financial Concepts LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 2,029.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303,529 shares of the company's stock after acquiring an additional 289,278 shares during the period. Strategic Financial Concepts LLC owned approximately 0.11% of FS KKR Capital worth $6,593,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Rik Saylor Financial Inc. bought a new stake in FS KKR Capital during the 4th quarter worth about $4,287,000. Silver Oak Securities Incorporated bought a new stake in FS KKR Capital during the 4th quarter worth approximately $652,000. Financial Advocates Investment Management increased its stake in FS KKR Capital by 8.3% during the 4th quarter. Financial Advocates Investment Management now owns 13,386 shares of the company's stock worth $291,000 after purchasing an additional 1,024 shares in the last quarter. Insight Advisors LLC PA increased its stake in FS KKR Capital by 6.3% during the 4th quarter. Insight Advisors LLC PA now owns 21,198 shares of the company's stock worth $460,000 after purchasing an additional 1,254 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in FS KKR Capital by 1.9% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 49,985 shares of the company's stock worth $1,086,000 after acquiring an additional 919 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on FSK. Wells Fargo & Company reissued an "equal weight" rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley cut FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Royal Bank of Canada increased their price objective on FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. raised their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital has an average rating of "Hold" and an average price target of $20.63.

FS KKR Capital Stock Up 0.9 %

Shares of NYSE:FSK traded up $0.21 during trading on Wednesday, reaching $23.37. 1,060,245 shares of the stock were exchanged, compared to its average volume of 1,213,109. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 12.43 and a beta of 1.25. The stock has a fifty day moving average of $22.02 and a two-hundred day moving average of $20.89. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.47. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now owns 49,800 shares of the company's stock, valued at $1,061,238. This represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders purchased 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by 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.