FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by Spire Wealth Management

Spire Wealth Management grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 22.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 127,812 shares of the company's stock after acquiring an additional 23,728 shares during the period. Spire Wealth Management's holdings in FS KKR Capital were worth $2,776,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FSK. Thrivent Financial for Lutherans grew its position in shares of FS KKR Capital by 15.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company's stock worth $508,000 after buying an additional 3,415 shares in the last quarter. Marshall Wace LLP purchased a new stake in FS KKR Capital in the second quarter worth about $206,000. Squarepoint Ops LLC bought a new position in FS KKR Capital during the 2nd quarter worth about $623,000. SG Americas Securities LLC increased its position in FS KKR Capital by 32.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,317 shares of the company's stock valued at $204,000 after purchasing an additional 2,509 shares during the period. Finally, Atomi Financial Group Inc. bought a new stake in shares of FS KKR Capital in the 3rd quarter valued at about $468,000. Institutional investors own 36.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FSK shares. B. Riley lowered shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday. Royal Bank of Canada raised their price objective 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. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Eight 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 an average target price of $20.63.

FS KKR Capital Stock Up 0.2 %

Shares of FSK traded up $0.05 during mid-day trading on Thursday, hitting $23.15. 869,869 shares of the company traded hands, compared to its average volume of 1,259,990. The company has a market capitalization of $6.48 billion, a PE ratio of 12.31 and a beta of 1.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average of $21.93 and a 200 day moving average of $20.81. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.47.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter in the prior year, the business posted $0.80 EPS. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Insider Activity

In other news, insider Daniel Pietrzak bought 5,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased 11,500 shares of company stock valued at $248,910 over the last ninety days. 0.25% of the stock is currently owned by insiders.

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.