FS KKR Capital Corp. (NYSE:FSK) is Strong Tower Advisory Services’ 2nd Largest Position

Strong Tower Advisory Services boosted its position in FS KKR Capital Corp. (NYSE:FSK) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,070,522 shares of the company’s stock after purchasing an additional 36,127 shares during the quarter. FS KKR Capital accounts for about 6.1% of Strong Tower Advisory Services’ holdings, making the stock its 2nd largest holding. Strong Tower Advisory Services’ holdings in FS KKR Capital were worth $23,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of FSK. Wescott Financial Advisory Group LLC raised its position in shares of FS KKR Capital by 2.9% in the third quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after buying an additional 600 shares in the last quarter. McIlrath & Eck LLC increased its stake in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after acquiring an additional 675 shares during the last quarter. Centaurus Financial Inc. raised its holdings in shares of FS KKR Capital by 0.8% in the 3rd quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after acquiring an additional 935 shares in the last quarter. Souders Financial Advisors boosted its position in shares of FS KKR Capital by 3.9% during the 2nd quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock valued at $497,000 after acquiring an additional 950 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings in shares of FS KKR Capital by 1.9% during the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock worth $1,039,000 after purchasing an additional 991 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

Insider Buying and Selling at FS KKR Capital

In other news, insider Brian Gerson bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was bought 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 owns 15,109 shares in the company, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders bought 11,500 shares of company stock valued at $248,910 in the last quarter. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Up 0.5 %

NYSE FSK opened at $22.27 on Monday. The firm has a market cap of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $22.40. The stock has a 50-day moving average of $21.58 and a 200-day moving average of $20.57. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last announced 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 quarter in the previous year, the company posted $0.80 earnings per share. As a group, sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. B. Riley downgraded shares of 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. Finally, Royal Bank of Canada raised their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average 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.