Mcdonald Partners LLC Takes $200,000 Position in FS KKR Capital Corp. (NYSE:FSK)

Mcdonald Partners LLC purchased a new stake in FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,222 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds also recently made changes to their positions in the stock. Wescott Financial Advisory Group LLC boosted its stake in shares of FS KKR Capital by 2.9% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after purchasing an additional 600 shares in the last quarter. McIlrath & Eck LLC boosted its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares in the last quarter. Wagner Wealth Management LLC boosted its stake in shares of FS KKR Capital by 6.4% in the 4th quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock valued at $245,000 after purchasing an additional 679 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of FS KKR Capital by 5.0% in the 4th quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company’s stock valued at $321,000 after purchasing an additional 689 shares in the last quarter. Finally, Roman Butler Fullerton & Co. boosted its stake in shares of FS KKR Capital by 3.4% in the 4th quarter. Roman Butler Fullerton & Co. now owns 23,077 shares of the company’s stock valued at $526,000 after purchasing an additional 769 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Up 0.8 %

FS KKR Capital stock opened at $23.93 on Wednesday. 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 Corp. has a 52-week low of $18.31 and a 52-week high of $24.04. The firm has a 50 day moving average price of $22.19 and a two-hundred day moving average price of $20.98. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 12.73 and a beta of 1.25.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FSK. Royal Bank of Canada lifted their target price on shares of 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. JPMorgan Chase & Co. lifted 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. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated 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, According to MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average target price of $20.63.

About FS KKR Capital

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.