Secure Asset Management LLC Increases Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Secure Asset Management LLC increased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 34.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,200 shares of the company’s stock after purchasing an additional 5,462 shares during the period. Secure Asset Management LLC’s holdings in FS KKR Capital were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wescott Financial Advisory Group LLC increased its stake in shares of FS KKR Capital by 2.9% in the third quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after purchasing an additional 600 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in FS KKR Capital by 47.5% in 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 period. Centaurus Financial Inc. boosted its holdings in FS KKR Capital by 0.8% in the 3rd quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock worth $2,303,000 after buying an additional 935 shares during the period. Souders Financial Advisors increased its stake in FS KKR Capital by 3.9% in the 2nd quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock worth $497,000 after buying an additional 950 shares in the last quarter. Finally, Confluence Investment Management LLC raised its holdings in FS KKR Capital by 1.9% during the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after acquiring an additional 991 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FS KKR Capital

In related news, insider Brian Gerson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the acquisition, the insider now owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders acquired 11,500 shares of company stock valued at $248,910. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective 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. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.25.

FS KKR Capital Stock Up 0.6 %

NYSE FSK opened at $22.65 on Friday. The stock 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 one year low of $18.31 and a one year high of $22.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $6.34 billion, a P/E ratio of 12.05 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $423.58 million. During the same quarter last year, the business earned $0.80 earnings per share. As a group, equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

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.