Advisory Alpha LLC Invests $395,000 in FS KKR Capital Corp. (NYSE:FSK)

Advisory Alpha LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,167 shares of the company’s stock, valued at approximately $395,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSK. Fountainhead AM LLC increased its holdings in shares of FS KKR Capital by 9.8% in the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after acquiring an additional 71,644 shares during the last quarter. Advisors Asset Management Inc. boosted 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 purchasing an additional 39,086 shares during the period. International Assets Investment Management LLC increased its stake in 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 valued at $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Cascade Investment Group Inc. acquired a new stake in shares of FS KKR Capital during the third quarter worth $1,038,000. Finally, Graypoint LLC boosted its holdings in shares of FS KKR Capital by 23.1% in 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 period. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Down 0.6 %

Shares of FS KKR Capital stock opened at $22.34 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $22.48. The business’s fifty day moving average price is $21.63 and its two-hundred day moving average price is $20.60. The company has a market capitalization of $6.26 billion, a P/E ratio of 11.88 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations 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 previous year, the business earned $0.80 earnings per share. As a group, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. 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 research note on Monday, November 18th. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and an average target price of $20.25.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were acquired 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 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by corporate insiders.

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.