Cornerstone Wealth Management LLC Sells 2,683 Shares of FS KKR Capital Corp. (NYSE:FSK)

Cornerstone Wealth Management LLC lowered its stake in FS KKR Capital Corp. (NYSE:FSK) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,809 shares of the company’s stock after selling 2,683 shares during the period. Cornerstone Wealth Management LLC’s holdings in FS KKR Capital were worth $495,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FSK. Van ECK Associates Corp boosted its holdings in shares of FS KKR Capital by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after purchasing an additional 356,704 shares during the period. Commonwealth Equity Services LLC boosted its stake in FS KKR Capital by 4.6% during the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after buying an additional 188,542 shares during the period. International Assets Investment Management LLC increased its position 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 acquiring an additional 3,012,711 shares during the last quarter. Strong Tower Advisory Services raised its stake in shares of FS KKR Capital by 3.5% in the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after acquiring an additional 36,127 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter worth about $19,544,000. 36.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. B. Riley downgraded 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 report on Wednesday, December 11th. Royal Bank of Canada upped their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company reissued 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.com, FS KKR Capital has a consensus rating of “Hold” and an average price target of $20.25.

Insider Transactions at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the purchase, the insider now directly owns 15,109 shares of the company’s stock, valued at $333,606.72. This trade represents a 49.46 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Up 0.6 %

FSK opened at $22.65 on Friday. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.67. The company has a market capitalization of $6.34 billion, a P/E ratio of 12.05 and a beta of 1.24. The stock’s fifty day moving average is $21.71 and its two-hundred day moving average is $20.65. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $423.58 million. During the same period in the previous year, the company posted $0.80 earnings per share. Analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

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.