Brookstone Capital Management Sells 3,876 Shares of FS KKR Capital Corp. (NYSE:FSK)

Brookstone Capital Management trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,189 shares of the company’s stock after selling 3,876 shares during the quarter. Brookstone Capital Management’s holdings in FS KKR Capital were worth $439,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. McIlrath & Eck LLC boosted its position in FS KKR Capital by 47.5% in the third 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. grew its position 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 valued at $119,000 after purchasing an additional 3,744 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of FS KKR Capital by 14.9% during the third quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after purchasing an additional 1,280 shares in the last quarter. Sunpointe LLC bought a new position in shares of FS KKR Capital in the 3rd quarter worth $204,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of FS KKR Capital during the 3rd quarter valued at about $198,000. 36.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FSK has been the subject of a number of analyst reports. B. Riley lowered 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 raised their target price on 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 restated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.25.

Insider Activity

In other news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the acquisition, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 11,500 shares of company stock worth $248,910 over the last three months. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FSK opened at $22.27 on Friday. The stock has a market cap of $6.24 billion, a P/E ratio of 11.84 and a beta of 1.24. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $22.40. The company has a 50-day moving average of $21.58 and a two-hundred day moving average of $20.56.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $423.58 million. During the same period last year, the business earned $0.80 EPS. As a group, research 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.