Symphony Financial Ltd. Co. Sells 1,027 Shares of FS KKR Capital Corp. (NYSE:FSK)

Symphony Financial Ltd. Co. decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.4% in the fourth quarter, HoldingsChannel reports. The fund owned 29,228 shares of the company’s stock after selling 1,027 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in FS KKR Capital were worth $656,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Saxony Capital Management LLC acquired a new position in shares of FS KKR Capital in the 4th quarter valued at $208,000. AA Financial Advisors LLC increased its holdings in shares of FS KKR Capital by 11.8% in the fourth quarter. AA Financial Advisors LLC now owns 111,156 shares of the company’s stock valued at $2,414,000 after purchasing an additional 11,727 shares during the period. EMC Capital Management boosted its position in FS KKR Capital by 95.0% in the fourth quarter. EMC Capital Management now owns 13,804 shares of the company’s stock valued at $300,000 after buying an additional 6,724 shares during the last quarter. Gries Financial LLC increased its holdings in FS KKR Capital by 27.3% in the 4th quarter. Gries Financial LLC now owns 72,845 shares of the company’s stock worth $1,582,000 after buying an additional 15,625 shares during the period. Finally, Strategic Blueprint LLC boosted its holdings in shares of FS KKR Capital by 2.6% in the 4th quarter. Strategic Blueprint LLC now owns 105,906 shares of the company’s stock valued at $2,300,000 after acquiring an additional 2,635 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders purchased 11,500 shares of company stock worth $248,910. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company restated 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. Royal Bank of Canada increased their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Finally, B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $20.25.

FS KKR Capital Stock Up 1.1 %

Shares of FSK opened at $23.35 on Friday. The stock has a fifty day simple moving average of $21.86 and a two-hundred day simple moving average of $20.74. 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 company has a market capitalization of $6.54 billion, a PE ratio of 12.42 and a beta of 1.24. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $23.47.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data 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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

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.