N.E.W. Advisory Services LLC Reduces Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

N.E.W. Advisory Services LLC lessened its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,993 shares of the company’s stock after selling 650 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in FS KKR Capital were worth $260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FSK. McIlrath & Eck LLC boosted its stake in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. grew 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 worth $60,000 after buying an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of FS KKR Capital by 164.8% in 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 lifted its stake in shares of FS KKR Capital by 14.9% during the third 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 hedge funds and other institutional investors.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have acquired 11,500 shares of company stock worth $248,910. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

FSK has been the subject of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. B. Riley downgraded 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. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.25.

FS KKR Capital Trading Up 1.1 %

Shares of FSK opened at $23.35 on Friday. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $23.47. The firm has a market capitalization of $6.54 billion, a P/E ratio of 12.42 and a beta of 1.24. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock’s fifty day simple moving average is $21.86 and its 200 day simple moving average is $20.74.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 12.31% and a net margin of 29.98%. During the same period last year, the business posted $0.80 EPS. On average, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

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.