BCS Wealth Management Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

BCS Wealth Management acquired a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,449 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fountainhead AM LLC raised its stake in 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 buying an additional 71,644 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of FS KKR Capital by 18.1% during the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after acquiring an additional 39,086 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of 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 worth $62,462,000 after purchasing an additional 3,012,711 shares during the period. Cascade Investment Group Inc. bought a new position in shares of FS KKR Capital in the 3rd quarter worth $1,038,000. Finally, 1832 Asset Management L.P. grew its position in FS KKR Capital by 31.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 800,000 shares of the company’s stock valued at $15,784,000 after purchasing an additional 189,860 shares during the period. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 1.3 %

FS KKR Capital stock opened at $21.71 on Wednesday. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.39. 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 firm’s 50-day simple moving average is $21.51 and its 200 day simple moving average is $20.53. The stock has a market cap of $6.08 billion, a PE ratio of 11.55 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last announced its 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 firm had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same quarter in the previous year, the business earned $0.80 EPS. Research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In related news, insider Brian Gerson purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the transaction, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought a total of 11,500 shares of company stock worth $248,910 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FSK shares. Royal Bank of Canada upped 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. B. Riley cut shares of 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 set a $21.00 price target 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 data from MarketBeat, the stock presently 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.