Sumitomo Mitsui Trust Group Inc. Has $12.02 Million Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 553,249 shares of the company's stock after acquiring an additional 41,932 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.20% of FS KKR Capital worth $12,017,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FSK. International Assets Investment Management LLC boosted its stake in shares of FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock valued at $62,462,000 after purchasing an additional 3,012,711 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of FS KKR Capital in the third quarter valued at $7,830,000. Flagship Harbor Advisors LLC purchased a new position in shares of FS KKR Capital in the third quarter valued at $7,290,000. Van ECK Associates Corp boosted its stake in shares of FS KKR Capital by 6.6% in the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company's stock valued at $117,886,000 after purchasing an additional 356,704 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in FS KKR Capital by 2,029.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock valued at $6,593,000 after acquiring an additional 289,278 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the transaction, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders acquired 11,500 shares of company stock worth $248,910. Corporate insiders own 0.25% of the company's stock.

FS KKR Capital Price Performance

FS KKR Capital stock traded up $0.34 during trading hours on Friday, hitting $23.70. 1,237,699 shares of the company traded hands, compared to its average volume of 1,170,332. The firm has a market cap of $6.64 billion, a P/E ratio of 12.61 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 firm's 50-day simple moving average is $22.14 and its two-hundred day simple moving average is $20.96. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.73.

Wall Street Analyst Weigh In

FSK has been the topic of a number of research analyst reports. B. Riley downgraded 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 research note on Wednesday, December 11th. Wells Fargo & Company reiterated 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. Royal Bank of Canada increased their price objective on shares of 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. Finally, JPMorgan Chase & Co. raised their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $20.63.

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.