Flagship Private Wealth LLC Sells 2,563 Shares of FS KKR Capital Corp. (NYSE:FSK)

Flagship Private Wealth LLC lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,550 shares of the company’s stock after selling 2,563 shares during the period. Flagship Private Wealth LLC’s holdings in FS KKR Capital were worth $989,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSK. McIlrath & Eck LLC lifted its stake in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of FS KKR Capital in the fourth quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after buying an additional 3,744 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in FS KKR Capital by 14.9% in the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after buying an additional 1,280 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $22.65 on Friday. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $22.67. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 12.05 and a beta of 1.24. The firm’s fifty day moving average is $21.71 and its 200 day moving average is $20.65. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.80 EPS. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FSK shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Royal Bank of Canada boosted their price target on 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. Finally, B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.25.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 11,500 shares of company stock worth $248,910 over the last quarter. Insiders own 0.25% of the company’s stock.

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.