Union Bancaire Privee UBP SA Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Union Bancaire Privee UBP SA purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 85,289 shares of the company’s stock, valued at approximately $1,852,000.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in 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 research note on Wednesday, December 11th. Royal Bank of Canada increased 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, Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $20.25.

FS KKR Capital Stock Performance

FSK opened at $22.79 on Tuesday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a market cap of $6.38 billion, a PE ratio of 12.12 and a beta of 1.24. The business has a fifty day simple moving average of $21.71 and a 200-day simple moving average of $20.65. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.79.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analyst estimates 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 quarter last year, the company posted $0.80 EPS. As a group, equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson bought 5,000 shares of the firm’s stock in a transaction dated 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 directly owns 15,109 shares in the company, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 11,500 shares of company stock valued at $248,910 over the last ninety days. Corporate 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.