Pinnacle Wealth Management Advisory Group LLC Buys Shares of 24,017 FS KKR Capital Corp. (NYSE:FSK)

Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 24,017 shares of the company's stock, valued at approximately $522,000.

A number of other hedge funds also recently made changes to their positions in FSK. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after acquiring an additional 675 shares during the period. FNY Investment Advisers LLC bought a new stake in FS KKR Capital in the 4th quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock valued at $60,000 after buying an additional 1,520 shares in the last quarter. Roxbury Financial LLC purchased a new position in FS KKR Capital during the 4th quarter valued at about $69,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in 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 buying an additional 3,744 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Up 0.4 %

FSK traded up $0.10 during trading on Wednesday, reaching $24.05. The stock had a trading volume of 811,591 shares, compared to its average volume of 1,197,398. The stock's 50 day moving average is $22.19 and its two-hundred day moving average is $20.98. 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 company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 12.80 and a beta of 1.25. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $24.07.

Insiders Place Their Bets

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 90 days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.