13,026 Shares in FS KKR Capital Corp. (NYSE:FSK) Acquired by Sovran Advisors LLC

Sovran Advisors LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, Holdings Channel reports. The fund acquired 13,026 shares of the company’s stock, valued at approximately $283,000.

Several other hedge funds have also recently bought and sold shares of FSK. McIlrath & Eck LLC raised its holdings in FS KKR Capital by 47.5% during the 3rd 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 period. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the 4th quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after buying an additional 1,520 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings 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 buying an additional 3,744 shares during the period. Finally, Essex Financial Services Inc. acquired a new stake in FS KKR Capital during the 4th quarter worth approximately $202,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the acquisition, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 11,500 shares of company stock worth $248,910 over the last ninety days. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. JPMorgan Chase & Co. lifted their price objective 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. Finally, B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.63.

FS KKR Capital Stock Performance

NYSE FSK opened at $23.37 on Thursday. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $23.47. The firm has a market capitalization of $6.55 billion, a P/E ratio of 12.43 and a beta of 1.25. The firm’s fifty day moving average price is $22.02 and its two-hundred day moving average price is $20.89. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

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.