Cascade Investment Group Inc. Increases Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Cascade Investment Group Inc. boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 19.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 63,073 shares of the company’s stock after buying an additional 10,450 shares during the quarter. FS KKR Capital makes up approximately 1.0% of Cascade Investment Group Inc.’s portfolio, making the stock its 26th biggest position. Cascade Investment Group Inc.’s holdings in FS KKR Capital were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. McIlrath & Eck LLC increased its holdings in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the fourth quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $60,000 after purchasing an additional 1,520 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of 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 purchasing an additional 3,744 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of FS KKR Capital by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after purchasing an additional 1,280 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the acquisition, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $22.27 on Monday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $22.40. The firm has a market cap of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24. The company’s 50 day moving average is $21.58 and its two-hundred day moving average is $20.57.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period last year, the firm earned $0.80 earnings per share. On average, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on FSK. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada upped their price target on 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. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average price target of $20.25.

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.