Graypoint LLC Boosts Holdings in FS KKR Capital Corp. (NYSE:FSK)

Graypoint LLC lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 23.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,504 shares of the company’s stock after purchasing an additional 26,174 shares during the period. Graypoint LLC’s holdings in FS KKR Capital were worth $3,030,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FSK. McIlrath & Eck LLC grew its position in 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. Nomura Asset Management Co. Ltd. increased its position in 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 valued at $119,000 after acquiring an additional 3,744 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in FS KKR Capital during the 2nd quarter valued at approximately $168,000. Sound Income Strategies LLC lifted its position in FS KKR Capital by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after acquiring an additional 1,280 shares during the period. Finally, Sunpointe LLC purchased a new position in shares of FS KKR Capital in the 3rd quarter valued at approximately $204,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

FSK stock traded down $0.18 during midday trading on Friday, hitting $21.20. 1,306,857 shares of the stock were exchanged, compared to its average volume of 1,356,840. The stock’s 50-day moving average price is $21.43 and its 200-day moving average price is $20.48. 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 stock has a market cap of $5.94 billion, a price-to-earnings ratio of 11.28 and a beta of 1.24. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.39.

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 company had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same quarter in the prior year, the firm 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.

Analysts Set New Price Targets

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

Insider Buying and Selling at FS KKR Capital

In other news, insider Brian Gerson acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $22.08 per share, with a total value of $110,400.00. Following the completion of the transaction, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by 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.