Gries Financial LLC grew its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,845 shares of the company's stock after buying an additional 15,625 shares during the period. Gries Financial LLC's holdings in FS KKR Capital were worth $1,582,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in FSK. McIlrath & Eck LLC grew its holdings in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in FS KKR Capital in the fourth quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. boosted 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 valued at $60,000 after acquiring an additional 1,520 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of 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 during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of 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 acquiring an additional 1,280 shares during the period. Institutional investors and hedge funds own 36.26% of the company's stock.
Insiders Place Their Bets
In related news, insider Daniel Pietrzak purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have acquired 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by insiders.
Analyst Ratings Changes
Several research analysts have commented on the stock. Wells Fargo & Company restated an "equal weight" rating and issued a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Royal Bank of Canada raised their target price 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. Finally, B. Riley lowered FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital presently has an average rating of "Hold" and a consensus target price of $20.25.
Read Our Latest Stock Report on FSK
FS KKR Capital Price Performance
Shares of FS KKR Capital stock traded up $0.40 during trading on Thursday, hitting $23.07. The stock had a trading volume of 991,409 shares, compared to its average volume of 1,168,123. The business has a fifty day moving average of $21.80 and a two-hundred day moving average of $20.70. The firm has a market cap of $6.46 billion, a P/E ratio of 12.31 and a beta of 1.24. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $23.17. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.
FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company 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 company posted $0.80 EPS. On average, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.
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.
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