Wealth Enhancement Advisory Services LLC Lowers Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Wealth Enhancement Advisory Services LLC decreased its holdings in FS KKR Capital Corp. (NYSE:FSKFree Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,427 shares of the company’s stock after selling 1,121 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in FS KKR Capital were worth $2,507,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Fountainhead AM LLC raised its holdings in shares of FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after buying an additional 71,644 shares during the last quarter. Advisors Asset Management Inc. increased its position in FS KKR Capital by 18.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after acquiring an additional 39,086 shares during the period. International Assets Investment Management LLC raised its stake in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after acquiring an additional 3,012,711 shares during the last quarter. Cascade Investment Group Inc. purchased a new stake in FS KKR Capital during the 3rd quarter valued at approximately $1,038,000. Finally, 1832 Asset Management L.P. lifted its position in FS KKR Capital by 31.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 800,000 shares of the company’s stock worth $15,784,000 after acquiring an additional 189,860 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $22.08 per share, with a total value of $110,400.00. Following the purchase, the insider now owns 15,109 shares in the company, valued at approximately $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought 11,500 shares of company stock valued at $248,910 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FSK has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. 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 note on Wednesday, December 11th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.25.

View Our Latest Research Report on FS KKR Capital

FS KKR Capital Price Performance

FS KKR Capital stock opened at $21.71 on Wednesday. The company has a market cap of $6.08 billion, a P/E ratio of 11.55 and a beta of 1.24. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $22.39. The business has a fifty day moving average of $21.51 and a two-hundred day moving average of $20.53. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSKGet Free Report) last announced 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 firm had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter last year, the business earned $0.80 earnings per share. As a group, analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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