Pinnacle Wealth Management Advisory Group LLC Purchases New Stake in FS KKR Capital Corp. (NYSE:FSK)

Pinnacle Wealth Management Advisory Group LLC acquired a new position in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 24,017 shares of the company’s stock, valued at approximately $522,000.

A number of other institutional investors have also recently bought and sold shares of FSK. International Assets Investment Management LLC increased its stake in shares of FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after acquiring an additional 3,012,711 shares during the last quarter. Van ECK Associates Corp increased its position in FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of FS KKR Capital during the 3rd quarter worth about $7,830,000. Flagship Harbor Advisors LLC acquired a new stake in shares of FS KKR Capital during the 3rd quarter valued at about $7,290,000. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of FS KKR Capital by 2,029.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after buying an additional 289,278 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

NYSE FSK opened at $23.70 on Monday. The stock has a market capitalization of $6.64 billion, a PE ratio of 12.61 and a beta of 1.25. The stock has a 50-day simple moving average of $22.14 and a 200 day simple moving average of $20.96. 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 twelve month low of $18.31 and a twelve month high of $23.73.

Analysts Set New Price Targets

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

Insider Transactions at FS KKR Capital

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

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.