Acorn Wealth Advisors LLC Acquires 1,088 Shares of FS KKR Capital Corp. (NYSE:FSK)

Acorn Wealth Advisors LLC raised its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,280 shares of the company’s stock after buying an additional 1,088 shares during the period. Acorn Wealth Advisors LLC’s holdings in FS KKR Capital were worth $1,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSK. Van ECK Associates Corp boosted its holdings in FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after acquiring an additional 673,420 shares during the period. Transcend Capital Advisors LLC lifted its position in FS KKR Capital by 10.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after purchasing an additional 128,856 shares during the last quarter. Strong Tower Advisory Services boosted its stake in shares of FS KKR Capital by 3.5% during 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. Fountainhead AM LLC boosted its stake in shares of FS KKR Capital by 9.8% during the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after purchasing an additional 71,644 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of FS KKR Capital by 5.1% in the third quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company’s stock worth $14,913,000 after purchasing an additional 36,461 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $23.49 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $24.10. The company’s 50-day moving average is $22.43 and its 200 day moving average is $21.15. The stock has a market capitalization of $6.58 billion, a P/E ratio of 12.49 and a beta of 1.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FSK shares. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Royal Bank of Canada upped their price objective on shares of 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 reissued an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. upped their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.63.

Insiders Place Their Bets

In other news, insider Brian Gerson acquired 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $22.08 per share, with a total value of $110,400.00. Following the completion of the transaction, the insider now owns 15,109 shares of the company’s stock, valued at $333,606.72. This represents a 49.46 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have bought 11,500 shares of company stock worth $248,910. Company insiders own 0.25% of the company’s stock.

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.