Independent Wealth Network Inc. Sells 5,931 Shares of FS KKR Capital Corp. (NYSE:FSK)

Independent Wealth Network Inc. lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 19.4% in the fourth quarter, HoldingsChannel reports. The fund owned 24,628 shares of the company’s stock after selling 5,931 shares during the period. Independent Wealth Network Inc.’s holdings in FS KKR Capital were worth $535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fountainhead AM LLC lifted its stake in shares of FS KKR Capital by 9.8% in the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after acquiring an additional 71,644 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after purchasing an additional 39,086 shares during the period. International Assets Investment Management LLC increased its holdings 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 purchasing an additional 3,012,711 shares during the period. Cascade Investment Group Inc. purchased a new position in FS KKR Capital during the 3rd quarter valued at about $1,038,000. Finally, Graypoint LLC increased its holdings in FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after purchasing an additional 26,174 shares during the period. Institutional investors own 36.26% of the company’s stock.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $21.31 per share, for a total transaction of $106,550.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 11,500 shares of company stock worth $248,910 in the last three months. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $22.34 on Thursday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $6.26 billion, a P/E ratio of 11.88 and a beta of 1.24. The stock’s 50 day moving average is $21.63 and its 200 day moving average is $20.60. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $22.48.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on FSK. 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. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. Finally, Royal Bank of Canada upped 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. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.25.

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.