Silver Oak Securities Incorporated acquired a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,067 shares of the company's stock, valued at approximately $652,000.
Other hedge funds have also made changes to their positions in the company. Fountainhead AM LLC boosted its stake in FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company's stock valued at $15,798,000 after purchasing an additional 71,644 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in FS KKR Capital by 86.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock valued at $4,878,000 after buying an additional 104,016 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in FS KKR Capital by 18.1% during the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company's stock worth $5,023,000 after acquiring an additional 39,086 shares during the period. Graypoint LLC raised its position in FS KKR Capital by 23.1% in the fourth quarter. Graypoint LLC now owns 139,504 shares of the company's stock worth $3,030,000 after acquiring an additional 26,174 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock valued at $62,462,000 after acquiring an additional 3,012,711 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.
A number of analysts recently commented on the stock. 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. JPMorgan Chase & Co. raised their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. B. Riley lowered FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a research note on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $20.63.
Get Our Latest Report on FSK
In related news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by company insiders.
Shares of FSK stock opened at $23.23 on Friday. The stock's fifty day simple moving average is $21.95 and its 200-day simple moving average is $20.82. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. 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 posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $423.58 million. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.
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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