FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,948 shares of the company’s stock after selling 18,027 shares during the period. Arkadios Wealth Advisors owned about 0.07% of FS KKR Capital worth $4,560,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FSK. Fountainhead AM LLC increased its position in shares of FS KKR Capital by 9.8% during the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after acquiring an additional 71,644 shares during the last quarter. Advisors Asset Management Inc. grew its stake in FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after purchasing an additional 39,086 shares in the last quarter. International Assets Investment Management LLC increased its holdings in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Cascade Investment Group Inc. acquired a new position in shares of FS KKR Capital in the 3rd quarter valued at approximately $1,038,000. Finally, Graypoint LLC boosted its stake in shares of FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after buying an additional 26,174 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $22.27 on Friday. 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 firm has a 50-day simple moving average of $21.58 and a 200 day simple moving average of $20.56. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.40. The company has a market cap of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping 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 business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the prior year, the firm earned $0.80 EPS. On average, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FSK. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and a consensus target price of $20.25.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by insiders.

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.