FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 28.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,845 shares of the company’s stock after selling 6,755 shares during the period. Smallwood Wealth Investment Management LLC’s holdings in FS KKR Capital were worth $366,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC grew its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after buying an additional 675 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of FS KKR Capital in the 4th quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 valued at $60,000 after acquiring an additional 1,520 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after acquiring an additional 3,744 shares during the period. Finally, Sound Income Strategies LLC grew its position in FS KKR Capital by 14.9% in 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 last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson acquired 5,000 shares of FS KKR Capital stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $22.08 per share, with a total value of $110,400.00. Following the completion of the purchase, the insider now owns 15,109 shares in the company, valued at $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 11,500 shares of company stock valued at $248,910 in the last ninety days. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Royal Bank of Canada increased their price objective on shares of 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 reaffirmed an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.25.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $22.53 on Friday. The stock’s fifty day simple moving average is $21.66 and its 200-day simple moving average is $20.62. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $22.55. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 11.98 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.

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. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same quarter last year, the firm earned $0.80 EPS. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal 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.