FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC decreased its position in FS KKR Capital Corp. (NYSE:FSKFree Report) by 16.1% in the 4th quarter, HoldingsChannel reports. The firm owned 8,290 shares of the company’s stock after selling 1,595 shares during the period. Sound Income Strategies LLC’s holdings in FS KKR Capital were worth $180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in shares of FS KKR Capital by 6.6% during the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after buying an additional 356,704 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of FS KKR Capital by 4.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after purchasing an additional 188,542 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Strong Tower Advisory Services grew its position in shares of FS KKR Capital by 3.5% in the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after purchasing an additional 36,127 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in FS KKR Capital in the second quarter valued at $19,544,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

FSK opened at $22.65 on Friday. The company has a 50 day moving average of $21.71 and a two-hundred day moving average of $20.65. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $22.67. 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 has a market cap of $6.34 billion, a P/E ratio of 12.05 and a beta of 1.24.

FS KKR Capital (NYSE:FSKGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The firm 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 period in the prior year, the company earned $0.80 EPS. On average, analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on FSK shares. Royal Bank of Canada raised their price target 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 restated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.25.

View Our Latest Stock Report on FS KKR Capital

Insider Activity at FS KKR Capital

In other news, insider Brian Gerson purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $22.08 per share, with a total value of $110,400.00. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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