27,769 Shares in FS KKR Capital Corp. (NYSE:FSK) Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,769 shares of the company's stock, valued at approximately $603,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC grew its position in FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock worth $41,000 after acquiring an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the 4th quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of FS KKR Capital by 122.6% in the 4th 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 in the last quarter. Nomura Asset Management Co. Ltd. increased its position in FS KKR Capital by 164.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company's stock valued at $119,000 after buying an additional 3,744 shares in the last quarter. Finally, Sound Income Strategies LLC lifted 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 purchasing an additional 1,280 shares in the last quarter. Institutional investors own 36.26% of the company's stock.

Insiders Place Their Bets

In related news, insider Brian Gerson acquired 5,000 shares of FS KKR Capital stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the purchase, the insider now owns 15,109 shares of the company's stock, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Trading Up 0.9 %

FSK stock traded up $0.21 during mid-day trading on Wednesday, reaching $23.37. 1,060,245 shares of the stock traded hands, compared to its average volume of 1,213,109. The stock has a market capitalization of $6.55 billion, a PE ratio of 12.43 and a beta of 1.25. The business has a 50-day moving average price of $22.02 and a two-hundred day moving average price of $20.89. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $23.47. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FSK. Royal Bank of Canada boosted their target price on FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a research note on Monday, November 18th. JPMorgan Chase & Co. increased their target price on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, B. Riley lowered shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price for the company. in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital currently has an average rating of "Hold" and a consensus target price of $20.63.

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.