Secure Asset Management LLC Acquires 5,462 Shares of FS KKR Capital Corp. (NYSE:FSK)

Secure Asset Management LLC increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 34.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,200 shares of the company’s stock after buying an additional 5,462 shares during the quarter. Secure Asset Management LLC’s holdings in FS KKR Capital were worth $460,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FSK. Envestnet Asset Management Inc. boosted its stake in shares of FS KKR Capital by 27.4% during 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 during the period. Thrivent Financial for Lutherans lifted its holdings in FS KKR Capital by 15.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock valued at $508,000 after buying an additional 3,415 shares in the last quarter. ProShare Advisors LLC boosted its position in FS KKR Capital by 7.4% in the 2nd quarter. ProShare Advisors LLC now owns 42,380 shares of the company’s stock valued at $836,000 after buying an additional 2,919 shares during the period. Marshall Wace LLP bought a new position in FS KKR Capital in the 2nd quarter worth about $206,000. Finally, Squarepoint Ops LLC purchased a new position in shares of FS KKR Capital during the second quarter worth approximately $623,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought 11,500 shares of company stock valued at $248,910 over the last 90 days. Insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Up 0.6 %

FSK opened at $22.65 on Friday. 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 firm has a market cap of $6.34 billion, a price-to-earnings ratio of 12.05 and a beta of 1.24. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $22.67. The stock has a fifty day moving average price of $21.71 and a 200-day moving average price of $20.65.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same period in the previous year, the company posted $0.80 earnings per share. As a group, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FSK. Royal Bank of Canada increased their price objective 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. 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 research report on Wednesday, December 11th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.25.

FS KKR Capital 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.