Flagship Private Wealth LLC Sells 2,563 Shares of FS KKR Capital Corp. (NYSE:FSK)

Flagship Private Wealth LLC trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.3% during the 4th quarter, Holdings Channel reports. The fund owned 45,550 shares of the company’s stock after selling 2,563 shares during the period. Flagship Private Wealth LLC’s holdings in FS KKR Capital were worth $989,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FSK. Envestnet Asset Management Inc. raised its position in shares of FS KKR Capital by 27.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock worth $9,361,000 after acquiring an additional 102,111 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in FS KKR Capital by 15.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock valued at $508,000 after purchasing an additional 3,415 shares during the last quarter. ProShare Advisors LLC raised its holdings in FS KKR Capital by 7.4% in the second quarter. ProShare Advisors LLC now owns 42,380 shares of the company’s stock worth $836,000 after purchasing an additional 2,919 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of FS KKR Capital during the second quarter valued at about $206,000. Finally, Squarepoint Ops LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $623,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares in the company, valued at $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have purchased a total of 11,500 shares of company stock valued at $248,910 over the last ninety days. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $22.65 on Friday. The company has a 50 day simple moving average of $21.71 and a two-hundred day simple moving average of $20.65. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 12.05 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 $22.67.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the prior year, the company 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 year.

Analysts Set New Price Targets

Several research analysts recently commented on FSK shares. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Royal Bank of Canada upped their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.25.

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.