FS KKR Capital Corp. (NYSE:FSK) Stake Cut by Merit Financial Group LLC

Merit Financial Group LLC trimmed its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 17.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,248 shares of the company's stock after selling 14,060 shares during the quarter. Merit Financial Group LLC's holdings in FS KKR Capital were worth $1,461,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Van ECK Associates Corp increased its stake in FS KKR Capital by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company's stock valued at $117,886,000 after buying an additional 356,704 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of FS KKR Capital by 4.6% during the 3rd 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 period. International Assets Investment Management LLC grew its stake in shares of 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 worth $62,462,000 after purchasing an additional 3,012,711 shares during the period. Strong Tower Advisory Services grew its stake in shares of FS KKR Capital by 5.4% during the 3rd quarter. Strong Tower Advisory Services now owns 1,034,395 shares of the company's stock worth $20,409,000 after purchasing an additional 53,125 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of FS KKR Capital in the 2nd quarter worth about $19,544,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company reiterated 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. B. Riley lowered shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their target price 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. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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 stock was purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 11,500 shares of company stock worth $248,910 in the last three months. Company insiders own 0.25% of the company's stock.

FS KKR Capital Trading Up 0.9 %

Shares of FSK stock traded up $0.20 during trading hours on Tuesday, hitting $22.46. 1,511,030 shares of the company were exchanged, compared to its average volume of 1,253,734. The firm has a market cap of $6.29 billion, a PE ratio of 11.95 and a beta of 1.24. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $22.47. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a fifty day moving average of $21.60 and a 200 day moving average of $20.59.

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 for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.80 EPS. Analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

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.