Sovereign Financial Group Inc. Has $502,000 Holdings in FS KKR Capital Corp. (NYSE:FSK)

Sovereign Financial Group Inc. lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,116 shares of the company’s stock after selling 2,477 shares during the quarter. Sovereign Financial Group Inc.’s holdings in FS KKR Capital were worth $502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSK. Envestnet Asset Management Inc. raised its stake in FS KKR Capital by 27.4% in the second quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock valued at $9,361,000 after purchasing an additional 102,111 shares in the last quarter. Disciplined Investments LLC raised its stake in FS KKR Capital by 20.0% during the second quarter. Disciplined Investments LLC now owns 15,000 shares of the company’s stock worth $296,000 after acquiring an additional 2,500 shares in the last quarter. Seven Eight Capital LP acquired a new position in FS KKR Capital during the second quarter worth about $662,000. Kendall Capital Management acquired a new position in FS KKR Capital during the second quarter worth about $317,000. Finally, XTX Topco Ltd acquired a new position in FS KKR Capital during the second quarter worth about $429,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In related news, insider Brian Gerson bought 5,000 shares of FS KKR Capital stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $22.08 per share, for a total transaction 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 approximately $333,606.72. The trade was a 49.46 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased 11,500 shares of company stock worth $248,910 over the last ninety days. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank of Canada boosted their target price on 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 set a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $20.25.

FS KKR Capital Stock Performance

NYSE:FSK opened at $21.84 on Thursday. The stock has a market cap of $6.12 billion, a P/E ratio of 11.62 and a beta of 1.24. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock’s 50-day moving average is $21.53 and its 200-day moving average is $20.54. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $22.39.

FS KKR Capital (NYSE:FSK) last announced its 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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the prior year, the business posted $0.80 earnings per share. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

About FS KKR Capital

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.