Arkadios Wealth Advisors Has $4.56 Million Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Arkadios Wealth Advisors lessened its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,948 shares of the company's stock after selling 18,027 shares during the period. Arkadios Wealth Advisors owned approximately 0.07% of FS KKR Capital worth $4,560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FSK. Fountainhead AM LLC lifted its holdings in FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company's stock worth $15,798,000 after purchasing an additional 71,644 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of FS KKR Capital by 18.1% during the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company's stock worth $5,023,000 after buying an additional 39,086 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock valued at $62,462,000 after acquiring an additional 3,012,711 shares during the period. Cascade Investment Group Inc. acquired a new position in shares of FS KKR Capital in the third quarter valued at about $1,038,000. Finally, Graypoint LLC grew its stake in shares of FS KKR Capital by 23.1% in the fourth quarter. Graypoint LLC now owns 139,504 shares of the company's stock valued at $3,030,000 after acquiring an additional 26,174 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a "sector perform" rating in a report on Monday, November 18th. B. Riley cut FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.25.

Insider Buying and Selling

In related news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 11,500 shares of company stock worth $248,910 in the last three months. 0.25% of the stock is owned by corporate insiders.

FS KKR Capital Price Performance

Shares of FSK stock traded up $0.11 during trading hours on Friday, reaching $22.27. The company's stock had a trading volume of 1,286,255 shares, compared to its average volume of 1,131,265. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.40. The firm's 50 day simple moving average is $21.58 and its 200-day simple moving average is $20.57. 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 company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 11.84 and a beta of 1.24.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $441.00 million for the quarter, compared to analysts' expectations of $423.58 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

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.