FLC Capital Advisors Buys Shares of 10,359 FS KKR Capital Corp. (NYSE:FSK)

FLC Capital Advisors purchased a new position in FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,359 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp raised its holdings in FS KKR Capital by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after purchasing an additional 356,704 shares during the period. Commonwealth Equity Services LLC increased its position in FS KKR Capital by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after buying an additional 188,542 shares in the last quarter. International Assets Investment Management LLC raised 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 worth $62,462,000 after buying an additional 3,012,711 shares during the period. Strong Tower Advisory Services lifted its position in shares of FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after buying an additional 36,127 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of FS KKR Capital during the 2nd quarter valued at about $19,544,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

FSK stock opened at $22.27 on Monday. The company has a market capitalization of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24. The company’s fifty day moving average price is $21.58 and its 200-day moving average price is $20.57. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $22.40. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter in the previous year, the company earned $0.80 EPS. On average, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on FSK. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 target price 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 stock a “sector perform” rating in a research note on Monday, November 18th. Finally, B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price 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, FS KKR Capital presently has an average rating of “Hold” and an average price target of $20.25.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $22.08 per share, with a total value of $110,400.00. Following the completion of the purchase, the insider now directly owns 15,109 shares in the company, valued at $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders bought 11,500 shares of company stock valued at $248,910. Insiders own 0.25% of the company’s stock.

About FS KKR Capital

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.