FS KKR Capital Corp. (NYSE:FSK) is Strong Tower Advisory Services' 2nd Largest Position

Strong Tower Advisory Services boosted its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,070,522 shares of the company's stock after purchasing an additional 36,127 shares during the period. FS KKR Capital comprises 6.1% of Strong Tower Advisory Services' investment portfolio, making the stock its 2nd biggest position. Strong Tower Advisory Services owned approximately 0.38% of FS KKR Capital worth $23,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wescott Financial Advisory Group LLC boosted its stake in FS KKR Capital by 2.9% in the third quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company's stock valued at $417,000 after acquiring an additional 600 shares during the last quarter. McIlrath & Eck LLC grew its holdings 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 during the period. Centaurus Financial Inc. grew its holdings in 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 purchasing an additional 935 shares during the period. Souders Financial Advisors increased its position in FS KKR Capital by 3.9% in the second quarter. Souders Financial Advisors now owns 25,209 shares of the company's stock worth $497,000 after buying an additional 950 shares during the last quarter. Finally, Confluence Investment Management LLC raised its stake in shares of FS KKR Capital by 1.9% in the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company's stock valued at $1,039,000 after buying an additional 991 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FSK has been the subject of several recent research reports. Royal Bank of Canada lifted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a report on Monday, November 18th. Wells Fargo & Company reiterated an "equal weight" rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, B. Riley cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target on the stock. in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $20.25.

Insider Activity at FS KKR Capital

In other news, insider Brian Gerson bought 5,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the insider now owns 15,109 shares of the company's stock, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have acquired 11,500 shares of company stock valued at $248,910. Insiders own 0.25% of the company's stock.

FS KKR Capital Price Performance

Shares of NYSE FSK traded up $0.11 during mid-day trading on Monday, reaching $22.27. 1,286,255 shares of the company were exchanged, compared to its average volume of 1,131,265. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.40. The company's 50 day moving average price is $21.60 and its 200 day moving average price is $20.59. The stock has a market capitalization of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

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, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter in the previous year, the company posted $0.80 earnings per share. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital 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.