Family Wealth Partners LLC Purchases 1,576 Shares of FS KKR Capital Corp. (NYSE:FSK)

Family Wealth Partners LLC boosted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,356 shares of the company’s stock after acquiring an additional 1,576 shares during the quarter. Family Wealth Partners LLC’s holdings in FS KKR Capital were worth $529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of FS KKR Capital by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after acquiring an additional 356,704 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in FS KKR Capital by 4.6% during the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after purchasing an additional 188,542 shares during the period. International Assets Investment Management LLC grew its holdings in FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Strong Tower Advisory Services raised its position in shares of FS KKR Capital by 5.4% in the third quarter. Strong Tower Advisory Services now owns 1,034,395 shares of the company’s stock valued at $20,409,000 after purchasing an additional 53,125 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of FS KKR Capital in the second quarter worth $19,544,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 1.3 %

Shares of FSK opened at $22.14 on Friday. 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 company has a 50-day simple moving average of $21.55 and a 200-day simple moving average of $20.55. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.39. The firm has a market capitalization of $6.20 billion, a P/E ratio of 11.77 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter in the prior year, the firm posted $0.80 EPS. On average, equities research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FSK shares. 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 research note on Monday, November 18th. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average price target of $20.25.

FS KKR Capital Company 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.