Round Rock Advisors LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 28,364 shares of the company's stock, valued at approximately $616,000.
A number of other large investors have also recently made changes to their positions in the company. Spire Wealth Management boosted its position in shares of FS KKR Capital by 22.8% in the 4th quarter. Spire Wealth Management now owns 127,812 shares of the company's stock valued at $2,776,000 after purchasing an additional 23,728 shares during the period. Saxony Capital Management LLC acquired a new stake in shares of FS KKR Capital in the 4th quarter valued at about $208,000. AA Financial Advisors LLC boosted its position in shares of FS KKR Capital by 11.8% in the 4th quarter. AA Financial Advisors LLC now owns 111,156 shares of the company's stock valued at $2,414,000 after purchasing an additional 11,727 shares during the period. EMC Capital Management boosted its position in shares of FS KKR Capital by 95.0% in the 4th quarter. EMC Capital Management now owns 13,804 shares of the company's stock valued at $300,000 after purchasing an additional 6,724 shares during the period. Finally, Gries Financial LLC raised its stake in FS KKR Capital by 27.3% during the 4th quarter. Gries Financial LLC now owns 72,845 shares of the company's stock valued at $1,582,000 after acquiring an additional 15,625 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have commented on FSK. 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. JPMorgan Chase & Co. upped their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday. B. Riley downgraded FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada upped their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a "sector perform" rating in a research note on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital has an average rating of "Hold" and an average price target of $20.63.
Check Out Our Latest Analysis on FSK
FS KKR Capital Stock Performance
Shares of FSK stock traded down $0.18 during trading hours on Wednesday, reaching $23.06. 920,362 shares of the company's stock were exchanged, compared to its average volume of 1,262,458. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $23.47. The company has a market cap of $6.46 billion, a P/E ratio of 12.26 and a beta of 1.25. The company's 50 day moving average is $21.91 and its two-hundred day moving average is $20.79. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.
FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same period last year, the business posted $0.80 EPS. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.
Insider Activity at FS KKR Capital
In related news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now owns 49,800 shares in the company, valued at $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 11,500 shares of company stock valued at $248,910 in the last ninety days. 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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