RFG Advisory LLC Sells 4,028 Shares of FS KKR Capital Corp. (NYSE:FSK)

RFG Advisory LLC trimmed its position in FS KKR Capital Corp. (NYSE:FSK) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 109,165 shares of the company’s stock after selling 4,028 shares during the period. RFG Advisory LLC’s holdings in FS KKR Capital were worth $2,371,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FSK. International Assets Investment Management LLC boosted its position in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares during the last quarter. Sanctuary Advisors LLC bought a new position in FS KKR Capital in the 2nd quarter valued at $19,544,000. Legacy Investment Solutions LLC bought a new position in FS KKR Capital in the 3rd quarter valued at $7,830,000. Flagship Harbor Advisors LLC acquired a new position in shares of FS KKR Capital in the 3rd quarter valued at $7,290,000. Finally, Van ECK Associates Corp boosted its position in shares of FS KKR Capital by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after purchasing an additional 356,704 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

FSK stock opened at $22.65 on Friday. The business’s 50-day moving average price is $21.71 and its two-hundred day moving average price is $20.65. 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 firm has a market cap of $6.34 billion, a PE ratio of 12.05 and a beta of 1.24. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $22.67.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million for 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 period in the previous year, the company posted $0.80 earnings per share. As a group, research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank of Canada raised 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. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.25.

Insider Activity

In related news, insider Brian Gerson bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 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 filing with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 11,500 shares of company stock worth $248,910 over the last three months. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Company 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.