Financial Life Planners Takes $206,000 Position in FS KKR Capital Corp. (NYSE:FSK)

Financial Life Planners acquired a new position in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,478 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSK. Fountainhead AM LLC grew its holdings in shares of 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 purchasing an additional 71,644 shares during the period. Kingswood Wealth Advisors LLC lifted its position in FS KKR Capital by 86.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after buying an additional 104,016 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in FS KKR Capital by 18.1% during the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after buying an additional 39,086 shares during the period. Graypoint LLC increased its position in shares of FS KKR Capital by 23.1% during the fourth quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after acquiring an additional 26,174 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of FS KKR Capital by 1,967.7% in the 3rd 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 period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $22.08 per share, with a total value of $110,400.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 11,500 shares of company stock valued at $248,910 over the last quarter. 0.25% of the stock is owned by insiders.

FS KKR Capital Price Performance

FSK stock opened at $23.35 on Monday. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $23.47. The firm has a market capitalization of $6.54 billion, a P/E ratio of 12.42 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business’s 50-day moving average is $21.86 and its two-hundred day moving average is $20.75.

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

Analyst Ratings Changes

A number of research firms recently weighed in on FSK. 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 report on Monday, November 18th. B. Riley cut 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. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.