FS KKR Capital Corp. (NYSE:FSK) Stake Boosted by Ignite Planners LLC

Ignite Planners LLC boosted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,800 shares of the company’s stock after purchasing an additional 2,635 shares during the quarter. Ignite Planners LLC’s holdings in FS KKR Capital were worth $832,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC increased its stake in 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 during the period. FNY Investment Advisers LLC acquired a new stake in shares of FS KKR Capital during the fourth quarter worth $52,000. Nomura Asset Management Co. Ltd. lifted its stake 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 buying an additional 3,744 shares in the last quarter. Sound Income Strategies LLC raised its stake in FS KKR Capital by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after purchasing an additional 1,280 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of FS KKR Capital in the third quarter worth $198,000. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $21.45 on Tuesday. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.39. 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 business’s 50-day simple moving average is $21.48 and its 200-day simple moving average is $20.51. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 11.41 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analyst estimates 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 previous year, the company earned $0.80 earnings per share. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders acquired 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company’s stock.

FS KKR Capital 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.