Insight Advisors LLC PA Has $460,000 Holdings in FS KKR Capital Corp. (NYSE:FSK)

Insight Advisors LLC PA lifted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,198 shares of the company’s stock after acquiring an additional 1,254 shares during the period. Insight Advisors LLC PA’s holdings in FS KKR Capital were worth $460,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC grew its stake in FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after buying an additional 3,012,711 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in FS KKR Capital during the third quarter worth about $7,830,000. Flagship Harbor Advisors LLC acquired a new stake in FS KKR Capital during the third quarter worth about $7,290,000. Van ECK Associates Corp grew its stake in FS KKR Capital by 6.6% during the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after buying an additional 356,704 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in FS KKR Capital by 4.6% during the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after buying an additional 188,542 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 0.5 %

Shares of NYSE FSK opened at $23.11 on Thursday. The company has a 50 day simple moving average of $21.93 and a 200 day simple moving average of $20.81. The firm has a market cap of $6.47 billion, a PE ratio of 12.29 and a beta of 1.25. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $23.47. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 EPS. On average, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday. B. Riley cut 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 report on Wednesday, December 11th. 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 report on Monday, November 18th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.63.

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.