Kingswood Wealth Advisors LLC Has $4.88 Million Holdings in FS KKR Capital Corp. (NYSE:FSK)

Kingswood Wealth Advisors LLC grew its holdings in FS KKR Capital Corp. (NYSE:FSK) by 86.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 224,593 shares of the company’s stock after buying an additional 104,016 shares during the period. Kingswood Wealth Advisors LLC’s holdings in FS KKR Capital were worth $4,878,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Wescott Financial Advisory Group LLC lifted its holdings in shares of FS KKR Capital by 2.9% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after buying an additional 600 shares during the last quarter. McIlrath & Eck LLC increased its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the last quarter. Centaurus Financial Inc. raised its position in FS KKR Capital by 0.8% during the third quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after acquiring an additional 935 shares in the last quarter. Souders Financial Advisors lifted its stake in FS KKR Capital by 3.9% in the second quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock valued at $497,000 after acquiring an additional 950 shares during the last quarter. Finally, Confluence Investment Management LLC grew its position in FS KKR Capital by 1.9% in the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock worth $1,039,000 after acquiring an additional 991 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the acquisition, the insider now owns 15,109 shares in the company, valued at $333,606.72. This trade represents a 49.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 11,500 shares of company stock worth $248,910 in the last ninety days. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, Royal Bank of Canada upped 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 analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and an average price target of $20.25.

FS KKR Capital Trading Up 0.6 %

Shares of NYSE:FSK opened at $22.65 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock’s 50-day moving average is $21.71 and its 200-day moving average is $20.65. The company has a market cap of $6.34 billion, a P/E ratio of 12.05 and a beta of 1.24. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $22.67.

FS KKR Capital (NYSE:FSK) last released its 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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter last year, the firm posted $0.80 EPS. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

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.