Soltis Investment Advisors LLC Purchases New Position in FS KKR Capital Corp. (NYSE:FSK)

Soltis Investment Advisors LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,980 shares of the company’s stock, valued at approximately $369,000.

Several other large investors also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC increased 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 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. increased its position in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after acquiring an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in 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. Finally, Sunpointe LLC purchased a new stake in shares of FS KKR Capital in the third quarter valued at $204,000. 36.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 11,500 shares of company stock worth $248,910 in the last ninety days. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FSK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, Royal Bank of Canada raised their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.63.

FS KKR Capital Stock Performance

Shares of NYSE:FSK opened at $23.17 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. The firm has a market cap of $6.49 billion, a PE ratio of 12.33 and a beta of 1.25. The firm’s 50 day simple moving average is $21.99 and its 200-day simple moving average is $20.87. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $23.47.

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.