JB Capital LLC Invests $238,000 in FS KKR Capital Corp. (NYSE:FSK)

JB Capital LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,936 shares of the company's stock, valued at approximately $238,000.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock valued at $62,462,000 after buying an additional 3,012,711 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of FS KKR Capital in the third quarter valued at about $7,830,000. Flagship Harbor Advisors LLC bought a new position in shares of FS KKR Capital during the third quarter valued at about $7,290,000. Van ECK Associates Corp boosted its holdings in shares of FS KKR Capital by 6.6% during the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company's stock worth $117,886,000 after purchasing an additional 356,704 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of FS KKR Capital by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company's stock worth $84,487,000 after purchasing an additional 188,542 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak bought 5,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the purchase, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 11,500 shares of company stock valued at $248,910. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FSK. 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. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Monday. Royal Bank of Canada lifted their price target 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. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.63.

FS KKR Capital Stock Up 0.4 %

FS KKR Capital stock traded up $0.09 on Friday, hitting $23.23. 915,345 shares of the stock traded hands, compared to its average volume of 1,246,135. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $23.47. The firm has a market cap of $6.50 billion, a P/E ratio of 12.35 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The business's fifty day simple moving average is $21.95 and its 200 day simple moving average is $20.82.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly 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. The company 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 company posted $0.80 EPS. As a group, 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.