Diversify Wealth Management LLC Acquires 3,153 Shares of FS KKR Capital Corp. (NYSE:FSK)

Diversify Wealth Management LLC grew its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,710 shares of the company’s stock after buying an additional 3,153 shares during the period. Diversify Wealth Management LLC’s holdings in FS KKR Capital were worth $2,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of FS KKR Capital by 27.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock worth $9,361,000 after purchasing an additional 102,111 shares during the period. Seven Eight Capital LP bought a new stake in FS KKR Capital during the 2nd quarter valued at approximately $662,000. XTX Topco Ltd purchased a new position in shares of FS KKR Capital during the 2nd quarter worth approximately $429,000. AE Wealth Management LLC raised its position in shares of FS KKR Capital by 28.8% in the 2nd quarter. AE Wealth Management LLC now owns 98,961 shares of the company’s stock worth $1,956,000 after acquiring an additional 22,149 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of FS KKR Capital by 15.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock valued at $508,000 after purchasing an additional 3,415 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.5 %

NYSE:FSK opened at $22.27 on Monday. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 11.84 and a beta of 1.24. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company’s 50 day moving average price is $21.58 and its 200-day moving average price is $20.57. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.40.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter last year, the company earned $0.80 EPS. On average, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on FSK. 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 report on Wednesday, December 11th. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, 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. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average price target of $20.25.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by corporate insiders.

FS KKR Capital 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.