FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Gries Financial LLC

Gries Financial LLC increased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 27.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 72,845 shares of the company’s stock after buying an additional 15,625 shares during the quarter. Gries Financial LLC’s holdings in FS KKR Capital were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its position in FS KKR Capital by 15.3% during the second quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock worth $508,000 after purchasing an additional 3,415 shares in the last quarter. Marshall Wace LLP purchased a new position in FS KKR Capital in the 2nd quarter valued at $206,000. Squarepoint Ops LLC acquired a new stake in FS KKR Capital during the 2nd quarter worth $623,000. NewEdge Advisors LLC grew its holdings in shares of FS KKR Capital by 1.4% during the second quarter. NewEdge Advisors LLC now owns 217,625 shares of the company’s stock worth $4,294,000 after buying an additional 3,045 shares in the last quarter. Finally, Regal Investment Advisors LLC raised its position in shares of FS KKR Capital by 9.7% in the second quarter. Regal Investment Advisors LLC now owns 12,008 shares of the company’s stock valued at $237,000 after buying an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on FSK shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. 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, Royal Bank of Canada increased their price objective on 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 research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.25.

Insider Buying and Selling

In other news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the purchase, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders bought 11,500 shares of company stock worth $248,910. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Price Performance

FSK stock opened at $22.70 on Thursday. 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 company has a market capitalization of $6.36 billion, a PE ratio of 12.07 and a beta of 1.24. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $23.09. The business’s fifty day moving average price is $21.80 and its 200 day moving average price is $20.70.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million for 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 earned $0.80 EPS. On average, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

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.