Independent Wealth Network Inc. Sells 5,931 Shares of FS KKR Capital Corp. (NYSE:FSK)

Independent Wealth Network Inc. lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,628 shares of the company’s stock after selling 5,931 shares during the quarter. Independent Wealth Network Inc.’s holdings in FS KKR Capital were worth $535,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in FS KKR Capital by 27.4% during the second quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock worth $9,361,000 after acquiring an additional 102,111 shares during the period. XTX Topco Ltd bought a new stake in FS KKR Capital during the second quarter worth $429,000. Thrivent Financial for Lutherans lifted its holdings in FS KKR Capital by 15.3% during the second quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock worth $508,000 after acquiring an additional 3,415 shares during the period. ProShare Advisors LLC lifted its holdings in FS KKR Capital by 7.4% during the second quarter. ProShare Advisors LLC now owns 42,380 shares of the company’s stock worth $836,000 after acquiring an additional 2,919 shares during the period. Finally, Marshall Wace LLP bought a new stake in FS KKR Capital during the second quarter worth $206,000. Institutional investors own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the purchase, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $22.34 on Thursday. The stock has a market cap of $6.26 billion, a PE ratio of 11.88 and a beta of 1.24. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.48. 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 stock has a fifty day moving average of $21.63 and a 200-day moving average of $20.60.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the previous year, the business earned $0.80 earnings per share. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FSK. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Royal Bank of Canada lifted their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. Finally, B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and an average target price 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.