Y Intercept Hong Kong Ltd Buys Shares of 118,377 FS KKR Capital Corp. $FSK

Y Intercept Hong Kong Ltd purchased a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 118,377 shares of the company’s stock, valued at approximately $1,767,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSK. CCLA Investment Management raised its position in shares of FS KKR Capital by 5.6% in the 3rd quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock worth $25,435,000 after acquiring an additional 90,167 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in FS KKR Capital by 58.2% in the second quarter. Geneos Wealth Management Inc. now owns 559,345 shares of the company’s stock valued at $11,606,000 after purchasing an additional 205,823 shares during the last quarter. AA Financial Advisors LLC raised its holdings in FS KKR Capital by 24.9% in the third quarter. AA Financial Advisors LLC now owns 185,859 shares of the company’s stock worth $2,775,000 after purchasing an additional 37,001 shares in the last quarter. Corient Private Wealth LLC raised its holdings in FS KKR Capital by 291.1% in the second quarter. Corient Private Wealth LLC now owns 48,324 shares of the company’s stock worth $1,003,000 after purchasing an additional 35,968 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of FS KKR Capital by 19.1% during the second quarter. Franklin Resources Inc. now owns 539,022 shares of the company’s stock valued at $11,185,000 after buying an additional 86,456 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $15.15 per share, with a total value of $151,500.00. Following the completion of the acquisition, the insider owned 59,800 shares of the company’s stock, valued at $905,970. The trade was a 20.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael C. Forman acquired 10,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was bought at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the transaction, the chief executive officer owned 24,220 shares in the company, valued at approximately $375,410. This represents a 70.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FSK has been the subject of a number of analyst reports. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price on the stock in a research note on Monday, October 6th. Royal Bank Of Canada reduced their target price on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, November 14th. Finally, Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.50.

FS KKR Capital Stock Performance

NYSE:FSK opened at $13.82 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. The company’s fifty day moving average price is $14.95 and its 200-day moving average price is $16.42. FS KKR Capital Corp. has a 1-year low of $13.68 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. During the same period in the prior year, the company earned $0.74 earnings per share. As a group, analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.