FS KKR Capital Corp. (NYSE:FSK) Shares Bought by WESPAC Advisors LLC

WESPAC Advisors LLC raised its position in FS KKR Capital Corp. (NYSE:FSK) by 36.5% in the 4th quarter, Holdings Channel reports. The fund owned 33,358 shares of the company’s stock after acquiring an additional 8,913 shares during the period. WESPAC Advisors LLC’s holdings in FS KKR Capital were worth $725,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sigma Planning Corp lifted its stake in shares of FS KKR Capital by 7.2% in the fourth quarter. Sigma Planning Corp now owns 207,624 shares of the company’s stock valued at $4,510,000 after purchasing an additional 13,943 shares during the period. Lloyd Advisory Services LLC. lifted its stake in shares of FS KKR Capital by 6.7% in the fourth quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock valued at $232,000 after purchasing an additional 667 shares during the period. Transcend Capital Advisors LLC lifted its stake in shares of FS KKR Capital by 10.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after purchasing an additional 128,856 shares during the period. Legacy Solutions LLC acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at about $1,332,000. Finally, Mcdonald Partners LLC acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at about $200,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FSK. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Royal Bank of Canada raised their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report 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 report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.63.

Insider Transactions at FS KKR Capital

In other news, insider Brian Gerson purchased 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the insider now directly owns 15,109 shares in the company, valued at $333,606.72. This represents a 49.46 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 11,500 shares of company stock worth $248,910 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Stock Performance

NYSE:FSK opened at $23.72 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $22.38 and a two-hundred day moving average price of $21.10. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $24.10. The company has a market capitalization of $6.64 billion, a P/E ratio of 12.61 and a beta of 1.25.

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.