Soltis Investment Advisors LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Soltis Investment Advisors LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 16,980 shares of the company's stock, valued at approximately $369,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. McIlrath & Eck LLC boosted its holdings in FS KKR Capital by 47.5% during 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 purchased a new position in FS KKR Capital during the 4th quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. boosted 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 acquiring an additional 1,520 shares during the period. Nomura Asset Management Co. Ltd. boosted 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 acquiring an additional 3,744 shares during the period. Finally, Financial Life Planners acquired a new stake in FS KKR Capital in the 4th quarter valued at about $206,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Brian Gerson bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the acquisition, the insider now directly owns 15,109 shares of the company's stock, valued at $333,606.72. The trade was a 49.46 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders have bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by company insiders.

FS KKR Capital Stock Up 1.5 %

Shares of FSK stock traded up $0.34 during trading hours on Friday, reaching $23.70. The company had a trading volume of 1,237,699 shares, compared to its average volume of 1,170,332. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $23.73. The company has a market capitalization of $6.64 billion, a P/E ratio of 12.61 and a beta of 1.25. The stock's fifty day simple moving average is $22.14 and its 200 day simple moving average is $20.95.

Analysts Set New Price Targets

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