Apollon Wealth Management LLC Acquires 95,751 Shares of FS KKR Capital Corp. (NYSE:FSK)

Apollon Wealth Management LLC increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 136.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,088 shares of the company’s stock after acquiring an additional 95,751 shares during the period. Apollon Wealth Management LLC’s holdings in FS KKR Capital were worth $3,607,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FSK. Fountainhead AM LLC raised its holdings in FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after buying an additional 71,644 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in FS KKR Capital by 86.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after buying an additional 104,016 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in FS KKR Capital by 18.1% in the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after buying an additional 39,086 shares during the last quarter. Graypoint LLC raised its holdings in FS KKR Capital by 23.1% in the fourth quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after buying an additional 26,174 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after buying an additional 3,012,711 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

FSK has been the subject of several recent analyst reports. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. boosted 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. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.63.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction on 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 directly owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought a total of 11,500 shares of company stock worth $248,910 over the last three months. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $23.23 on Friday. The firm has a 50 day moving average of $21.97 and a 200 day moving average of $20.84. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.25. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $23.47.

FS KKR Capital (NYSE:FSK) last posted 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. The business had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the prior year, the business posted $0.80 earnings per share. On average, research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share 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.