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

Sovran Advisors LLC bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 13,026 shares of the company’s stock, valued at approximately $283,000.

Other hedge funds have also made changes to their positions in the company. Fountainhead AM LLC increased its position in shares of FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after purchasing an additional 71,644 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after purchasing an additional 104,016 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after purchasing an additional 39,086 shares in the last quarter. Graypoint LLC increased its position 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 worth $3,030,000 after purchasing an additional 26,174 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Activity

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. 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. Royal Bank of Canada increased their price objective 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. Finally, B. Riley lowered 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 equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.63.

FS KKR Capital Stock Up 0.9 %

Shares of NYSE FSK opened at $23.37 on Thursday. The firm has a market capitalization of $6.55 billion, a PE ratio of 12.43 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $23.47. The firm’s 50-day moving average is $22.02 and its 200-day moving average is $20.89.

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.