International Assets Investment Management LLC Has $3.12 Million Stock Position in FS KKR Capital Corp. (NYSE:FSK)

International Assets Investment Management LLC trimmed its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 95.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,676 shares of the company's stock after selling 3,024,141 shares during the quarter. International Assets Investment Management LLC owned approximately 0.05% of FS KKR Capital worth $3,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC increased its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after buying an additional 675 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company's stock valued at $119,000 after acquiring an additional 3,744 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in FS KKR Capital during the second quarter worth $168,000. Cullen Frost Bankers Inc. bought a new stake in FS KKR Capital during the second quarter valued at $189,000. Finally, Sound Income Strategies LLC increased its stake 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 own 36.26% of the company's stock.

Analysts Set New Price Targets

FSK has been the subject of a number of recent research reports. 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 research report on Monday, November 18th. Wells Fargo & Company reissued an "equal weight" rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley lowered FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $20.25.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares of the company's stock, valued at $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 11,500 shares of company stock valued at $248,910. Corporate insiders own 0.25% of the company's stock.

FS KKR Capital Stock Performance

Shares of FSK traded down $0.15 during trading hours on Wednesday, reaching $21.39. 1,473,944 shares of the company's stock traded hands, compared to its average volume of 1,366,829. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 11.38 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. The business's fifty day simple moving average is $21.39 and its two-hundred day simple moving average is $20.46. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $22.39.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analysts' expectations of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period last year, the firm posted $0.80 earnings per share. Analysts predict 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.