Beacon Financial Advisory LLC Cuts Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Beacon Financial Advisory LLC trimmed its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,935 shares of the company’s stock after selling 944 shares during the period. Beacon Financial Advisory LLC’s holdings in FS KKR Capital were worth $1,432,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FSK. Thrivent Financial for Lutherans boosted its stake in shares of FS KKR Capital by 15.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock worth $508,000 after acquiring an additional 3,415 shares during the last quarter. Marshall Wace LLP acquired a new position in FS KKR Capital during the second quarter worth about $206,000. Squarepoint Ops LLC purchased a new position in FS KKR Capital in the 2nd quarter worth approximately $623,000. SG Americas Securities LLC boosted its holdings in shares of FS KKR Capital by 32.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,317 shares of the company’s stock worth $204,000 after purchasing an additional 2,509 shares during the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in shares of FS KKR Capital in the third quarter valued at approximately $468,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Brian Gerson bought 5,000 shares of the stock in a transaction that occurred 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 completion of the purchase, the insider now owns 15,109 shares in the company, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 11,500 shares of company stock valued at $248,910 in the last ninety days. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on FSK shares. Royal Bank of Canada upped their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. B. Riley downgraded 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. JPMorgan Chase & Co. increased their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.63.

FS KKR Capital Stock Down 0.5 %

Shares of NYSE FSK opened at $23.11 on Thursday. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $23.47. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average is $21.93 and its two-hundred day moving average is $20.81. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 12.29 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.80 EPS. Research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

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.