Legacy Solutions LLC Takes $1.33 Million Position in FS KKR Capital Corp. (NYSE:FSK)

Legacy Solutions LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 61,346 shares of the company's stock, valued at approximately $1,332,000. FS KKR Capital makes up about 1.5% of Legacy Solutions LLC's holdings, making the stock its 15th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in FSK. International Assets Investment Management LLC raised its position in FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock worth $62,462,000 after acquiring an additional 3,012,711 shares during the last quarter. Van ECK Associates Corp raised its position in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after buying an additional 673,420 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of FS KKR Capital in the third quarter valued at approximately $7,830,000. Flagship Harbor Advisors LLC acquired a new position in shares of FS KKR Capital in the third quarter valued at approximately $7,290,000. Finally, Strategic Financial Concepts LLC raised its position in shares of FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock valued at $6,593,000 after buying an additional 289,278 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FSK shares. 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. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Monday, November 18th. B. Riley lowered shares of 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. Finally, JPMorgan Chase & Co. upped their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, FS KKR Capital has an average rating of "Hold" and a consensus target price of $20.63.

FS KKR Capital Trading Down 0.1 %

FSK traded down $0.04 during trading on Friday, hitting $23.72. 1,384,224 shares of the company's stock were exchanged, compared to its average volume of 1,159,352. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $24.10. The stock has a 50 day moving average price of $22.34 and a 200 day moving average price of $21.06. The firm has a market cap of $6.64 billion, a P/E ratio of 12.61 and a beta of 1.25.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 5,000 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was acquired 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 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 11,500 shares of company stock worth $248,910 over the last ninety days. 0.25% of the stock is owned by company insiders.

About FS KKR Capital

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.