Soltis Investment Advisors LLC Buys Shares of 16,980 FS KKR Capital Corp. (NYSE:FSK)

Soltis Investment Advisors LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,980 shares of the company’s stock, valued at approximately $369,000.

Several other large investors have also recently made changes to their positions in the stock. McIlrath & Eck LLC grew its stake in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of FS KKR Capital during the fourth quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of FS KKR Capital by 122.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after buying an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position 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 worth $119,000 after buying an additional 3,744 shares during the last quarter. Finally, Financial Life Planners bought a new position in shares of FS KKR Capital during the 4th quarter worth approximately $206,000. 36.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. 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. Wells Fargo & Company reaffirmed 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. Finally, Royal Bank of Canada increased their price target on 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. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.63.

Insiders Place Their Bets

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of FS KKR Capital stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of $22.08 per share, with a total value of $110,400.00. Following the transaction, the insider now owns 15,109 shares of the company’s stock, valued at $333,606.72. This represents a 49.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders bought 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by company insiders.

FS KKR Capital Price Performance

Shares of FSK opened at $23.17 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The company’s fifty day moving average price is $21.99 and its 200-day moving average price is $20.87. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.47. The firm has a market capitalization of $6.49 billion, a PE ratio of 12.33 and a beta of 1.25.

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.