Rik Saylor Financial Inc. Purchases Shares of 197,379 FS KKR Capital Corp. (NYSE:FSK)

Rik Saylor Financial Inc. purchased a new stake in FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 197,379 shares of the company’s stock, valued at approximately $4,287,000. FS KKR Capital comprises 4.0% of Rik Saylor Financial Inc.’s holdings, making the stock its 3rd largest holding. Rik Saylor Financial Inc. owned 0.07% of FS KKR Capital at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC increased its stake 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 purchasing an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital during the 4th quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after purchasing an additional 3,744 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in FS KKR Capital by 14.9% in the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after buying an additional 1,280 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the purchase, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This represents 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. Insiders bought a total of 11,500 shares of company stock worth $248,910 over the last three months. 0.25% of the stock is owned by company insiders.

Analyst Ratings Changes

FSK has been the topic of a number of research reports. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research note on Wednesday, December 11th. Wells Fargo & Company reiterated 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. JPMorgan Chase & Co. upped their price target 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. Finally, Royal Bank of Canada upped their price target on shares of 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 equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.63.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $23.11 on Thursday. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 12.29 and a beta of 1.25. 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 firm has a 50 day simple moving average of $21.93 and a 200 day simple moving average of $20.81. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $23.47.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results 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 net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the prior year, the company posted $0.80 EPS. Research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Company 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.