Rik Saylor Financial Inc. purchased a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 197,379 shares of the company's stock, valued at approximately $4,287,000. FS KKR Capital accounts for approximately 4.0% of Rik Saylor Financial Inc.'s investment portfolio, making the stock its 3rd biggest position. Rik Saylor Financial Inc. owned about 0.07% of FS KKR Capital as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in FSK. Wescott Financial Advisory Group LLC boosted its stake in shares of FS KKR Capital by 2.9% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company's stock worth $417,000 after buying an additional 600 shares during the last quarter. McIlrath & Eck LLC raised its position in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after purchasing an additional 675 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of FS KKR Capital by 5.0% in the 4th quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company's stock worth $321,000 after acquiring an additional 689 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its position in FS KKR Capital by 1.9% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 49,985 shares of the company's stock worth $1,086,000 after acquiring an additional 919 shares during the last quarter. Finally, Centaurus Financial Inc. raised its stake in shares of FS KKR Capital by 0.8% during the third quarter. Centaurus Financial Inc. now owns 116,701 shares of the company's stock valued at $2,303,000 after acquiring an additional 935 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $21.00 target price on shares of FS KKR Capital in a research note 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 for the company. in a report on Wednesday, December 11th. 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 report on Monday, November 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $20.63.
Read Our Latest Analysis on FSK
FS KKR Capital Trading Down 0.5 %
Shares of FSK traded down $0.11 during trading hours on Monday, reaching $23.12. 925,709 shares of the company traded hands, compared to its average volume of 1,226,183. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $23.47. The stock's fifty day moving average price is $21.97 and its 200 day moving average price is $20.85. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 12.30 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.
Insider Activity
In related news, insider Daniel Pietrzak purchased 5,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now owns 49,800 shares of the company's stock, valued at $1,061,238. The trade was a 11.16 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 11,500 shares of company stock valued at $248,910. Corporate insiders own 0.25% of the company's stock.
About FS KKR Capital
(
Free Report)
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.
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