Smallwood Wealth Investment Management LLC Sells 6,755 Shares of FS KKR Capital Corp. (NYSE:FSK)

Smallwood Wealth Investment Management LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 28.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,845 shares of the company’s stock after selling 6,755 shares during the period. Smallwood Wealth Investment Management LLC’s holdings in FS KKR Capital were worth $366,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. McIlrath & Eck LLC boosted its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital in the 4th quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after acquiring an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after buying an additional 3,744 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of FS KKR Capital by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after buying an additional 1,280 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at $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 available through this link. In the last 90 days, insiders have acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by corporate insiders.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $22.53 on Friday. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $22.55. The stock has a market capitalization of $6.31 billion, a P/E ratio of 11.98 and a beta of 1.24. 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 has a 50 day simple moving average of $21.66 and a two-hundred day simple moving average of $20.62.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million during 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 quarter last year, the company posted $0.80 EPS. As a group, analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

FSK has been the topic of several research reports. Royal Bank of Canada boosted 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. Wells Fargo & Company reiterated 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, B. Riley downgraded 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. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average price target 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.