JPMorgan Chase & Co. Increases Stake in FS KKR Capital Corp. (NYSE:FSK)

JPMorgan Chase & Co. boosted its stake in FS KKR Capital Corp. (NYSE:FSK) by 258.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,171 shares of the company’s stock after purchasing an additional 75,811 shares during the period. JPMorgan Chase & Co.’s holdings in FS KKR Capital were worth $2,075,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in shares of FS KKR Capital by 27.4% during the second quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock valued at $9,361,000 after buying an additional 102,111 shares during the period. XTX Topco Ltd purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $429,000. AE Wealth Management LLC increased its stake in shares of FS KKR Capital by 28.8% during the second quarter. AE Wealth Management LLC now owns 98,961 shares of the company’s stock valued at $1,956,000 after buying an additional 22,149 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of FS KKR Capital by 15.3% during the second quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock valued at $508,000 after buying an additional 3,415 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of FS KKR Capital by 7.4% during the second quarter. ProShare Advisors LLC now owns 42,380 shares of the company’s stock valued at $836,000 after buying an additional 2,919 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FSK has been the topic of several research analyst reports. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research note on Wednesday, December 11th. 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 research note 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 research report on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $20.25.

FS KKR Capital Trading Up 0.9 %

FS KKR Capital stock opened at $22.46 on Wednesday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The business’s fifty day simple moving average is $21.60 and its two-hundred day simple moving average is $20.59. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $22.47. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 11.95 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same period in the previous year, the company posted $0.80 earnings per share. As a group, equities analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction dated 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 acquisition, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have purchased 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by corporate insiders.

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.