Realta Investment Advisors Makes New $245,000 Investment in FS KKR Capital Corp. (NYSE:FSK)

Realta Investment Advisors purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,136 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors have also recently made changes to their positions in FSK. International Assets Investment Management LLC grew its holdings in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of FS KKR Capital in the 3rd quarter worth approximately $7,830,000. Flagship Harbor Advisors LLC bought a new position in shares of FS KKR Capital during the third quarter valued at approximately $7,290,000. Van ECK Associates Corp increased its holdings in 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. Finally, Strategic Financial Concepts LLC raised its stake in FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after buying an additional 289,278 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $23.23 on Friday. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market cap of $6.50 billion, a PE ratio of 12.35 and a beta of 1.25. The business has a 50-day simple moving average of $21.95 and a two-hundred day simple moving average of $20.82.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for 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 in the previous year, the firm earned $0.80 EPS. As a group, equities analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price 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. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Wells Fargo & Company reiterated 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, Royal Bank of Canada raised their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.63.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital 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 purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 11,500 shares of company stock worth $248,910. Company 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.