MONECO Advisors LLC Raises Stock Position in FS KKR Capital Corp. (NYSE:FSK)

MONECO Advisors LLC increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 241.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,640 shares of the company’s stock after buying an additional 37,939 shares during the quarter. MONECO Advisors LLC’s holdings in FS KKR Capital were worth $1,165,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. McIlrath & Eck LLC boosted its holdings in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after acquiring an additional 675 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of FS KKR Capital in the fourth quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares in the last quarter. Roxbury Financial LLC purchased a new stake in FS KKR Capital during the 4th quarter worth $69,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after buying an additional 3,744 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FSK. Royal Bank of Canada lifted their target price on 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. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, B. Riley downgraded shares of 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 investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.63.

Insider Transactions at FS KKR Capital

In other news, insider Brian Gerson purchased 5,000 shares of FS KKR Capital stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $22.08 per share, with a total value of $110,400.00. Following the completion of the acquisition, the insider now owns 15,109 shares in the company, valued at $333,606.72. The trade was a 49.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $23.72 on Monday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm’s 50-day moving average price is $22.38 and its two-hundred day moving average price is $21.12. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $24.10. The stock has a market capitalization of $6.64 billion, a P/E ratio of 12.61 and a beta of 1.25.

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.