Kathmere Capital Management LLC Sells 8,395 Shares of FS KKR Capital Corp. (NYSE:FSK)

Kathmere Capital Management LLC lowered its position in FS KKR Capital Corp. (NYSE:FSK) by 17.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,696 shares of the company’s stock after selling 8,395 shares during the quarter. Kathmere Capital Management LLC’s holdings in FS KKR Capital were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC increased its position in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares during the period. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at $52,000. Nomura Asset Management Co. Ltd. raised its position in FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after purchasing an additional 3,744 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in FS KKR Capital by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after buying an additional 1,280 shares during the period. Finally, Sunpointe LLC bought a new stake in shares of FS KKR Capital in the 3rd quarter valued at about $204,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 1.3 %

FS KKR Capital stock opened at $21.71 on Wednesday. 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’s fifty day moving average price is $21.51 and its two-hundred day moving average price is $20.53. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 11.55 and a beta of 1.24. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $22.39.

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

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of analyst reports. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report 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 report on Monday, December 2nd. Finally, Royal Bank of Canada boosted 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. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.25.

Insider Buying and Selling

In other news, insider Brian Gerson acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the purchase, the insider now owns 15,109 shares in the company, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by corporate insiders.

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.