Golden State Wealth Management LLC purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,436 shares of the company's stock, valued at approximately $1,313,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC boosted 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 during the last quarter. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital in the 4th quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. increased 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 valued at $60,000 after acquiring an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company's stock worth $119,000 after acquiring an additional 3,744 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in FS KKR Capital by 14.9% during the third quarter. Sound Income Strategies LLC now owns 9,885 shares of the company's stock valued at $195,000 after purchasing an additional 1,280 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.
Analyst Ratings Changes
FSK has been the subject of a number of analyst reports. Wells Fargo & Company reissued 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. boosted 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. 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 research note on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a "sector perform" rating in a research note on Monday, November 18th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.63.
Check Out Our Latest Stock Analysis on FS KKR Capital
Insider Activity at FS KKR Capital
In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business's stock in a transaction on Thursday, December 5th. The stock was purchased 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 of the company's stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased a total of 11,500 shares of company stock valued at $248,910 over the last quarter. 0.25% of the stock is owned by corporate insiders.
FS KKR Capital Stock Performance
FS KKR Capital stock traded up $0.10 during midday trading on Tuesday, hitting $23.21. The company's stock had a trading volume of 403,889 shares, compared to its average volume of 1,206,447. The company has a 50-day moving average price of $21.97 and a two-hundred day moving average price of $20.85. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.47. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.
About FS KKR Capital
(
Free Report)
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.
Further Reading
Before you consider FS KKR Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FS KKR Capital wasn't on the list.
While FS KKR Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
