Drive Wealth Management LLC Sells 12,904 Shares of FS KKR Capital Corp. (NYSE:FSK)

Drive Wealth Management LLC cut its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 15.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 68,512 shares of the company’s stock after selling 12,904 shares during the period. Drive Wealth Management LLC’s holdings in FS KKR Capital were worth $1,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wescott Financial Advisory Group LLC grew its stake in shares of FS KKR Capital by 2.9% during 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 during the period. McIlrath & Eck LLC lifted 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 valued at $41,000 after buying an additional 675 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of FS KKR Capital by 0.8% during the 3rd quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after buying an additional 935 shares in the last quarter. Souders Financial Advisors lifted its position in shares of FS KKR Capital by 3.9% during the 2nd quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock valued at $497,000 after buying an additional 950 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of FS KKR Capital by 1.9% during the 3rd quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after buying an additional 991 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Brian Gerson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the acquisition, the insider now owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital presently has an average rating of “Hold” and a consensus target price of $20.25.

FS KKR Capital Trading Up 0.6 %

FSK stock opened at $22.65 on Monday. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $22.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 12.05 and a beta of 1.24. The business has a 50 day simple moving average of $21.71 and a two-hundred day simple moving average of $20.65.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to the consensus estimate 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 company earned $0.80 EPS. Research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

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.