FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC decreased its stake in FS KKR Capital Corp. (NYSE:FSK) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,290 shares of the company’s stock after selling 1,595 shares during the period. Sound Income Strategies LLC’s holdings in FS KKR Capital were worth $180,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FSK. LexAurum Advisors LLC boosted its stake in FS KKR Capital by 20.6% in the fourth quarter. LexAurum Advisors LLC now owns 47,991 shares of the company’s stock valued at $1,042,000 after acquiring an additional 8,211 shares in the last quarter. Secure Asset Management LLC boosted its position in shares of FS KKR Capital by 34.7% in the 4th quarter. Secure Asset Management LLC now owns 21,200 shares of the company’s stock valued at $460,000 after purchasing an additional 5,462 shares during the period. GoalVest Advisory LLC grew its stake in FS KKR Capital by 5.0% during the 4th quarter. GoalVest Advisory LLC now owns 57,702 shares of the company’s stock worth $1,253,000 after buying an additional 2,750 shares during the last quarter. Advisory Alpha LLC acquired a new position in FS KKR Capital during the fourth quarter worth approximately $395,000. Finally, FLC Capital Advisors purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $225,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports 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 on the stock. in a research report on Wednesday, December 11th. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, Royal Bank of Canada increased 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. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.25.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $22.65 on Friday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average price of $21.71 and a 200 day moving average price of $20.65. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.67. The company has a market cap of $6.34 billion, a P/E ratio of 12.05 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last posted 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. The firm 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 in the previous year, the business earned $0.80 earnings per share. Research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares of the company’s stock, valued at $1,061,238. This represents a 11.16 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 11,500 shares of company stock valued at $248,910 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

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.