Centerpoint Advisory Group Buys Shares of 52,860 FS KKR Capital Corp. (NYSE:FSK)

Centerpoint Advisory Group purchased a new stake in FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 52,860 shares of the company’s stock, valued at approximately $1,148,000. FS KKR Capital makes up about 1.1% of Centerpoint Advisory Group’s investment portfolio, making the stock its 26th largest holding.

Other large investors have also modified their holdings of the company. McIlrath & Eck LLC raised its position in shares of FS KKR Capital by 47.5% during the 3rd 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. FNY Investment Advisers LLC purchased a new position in FS KKR Capital during the fourth quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after acquiring an additional 1,520 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of FS KKR Capital in the fourth quarter valued at $69,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after acquiring an additional 3,744 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. B. Riley downgraded 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 research note on Wednesday, December 11th. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target 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. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and a consensus target price of $20.63.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $23.70 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 12.61 and a beta of 1.25. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $23.73. The company has a 50 day moving average price of $22.14 and a 200 day moving average price of $20.95.

Insider Activity

In other news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price 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 of the company’s stock, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 11,500 shares of company stock valued at $248,910 in the last ninety days. Company insiders own 0.25% of the company’s stock.

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.