Kathmere Capital Management LLC Has $884,000 Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Kathmere Capital Management LLC lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,696 shares of the company’s stock after selling 8,395 shares during the quarter. Kathmere Capital Management LLC’s holdings in FS KKR Capital were worth $884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fountainhead AM LLC increased its holdings in shares of FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after acquiring an additional 71,644 shares during the last quarter. Advisors Asset Management Inc. boosted its position in FS KKR Capital by 18.1% during the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after purchasing an additional 39,086 shares during the period. International Assets Investment Management LLC increased its holdings 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 valued at $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Cascade Investment Group Inc. bought a new position in shares of FS KKR Capital in the third quarter valued at about $1,038,000. Finally, 1832 Asset Management L.P. raised its position in shares of FS KKR Capital by 31.1% in the second quarter. 1832 Asset Management L.P. now owns 800,000 shares of the company’s stock valued at $15,784,000 after purchasing an additional 189,860 shares during the period. Institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FSK. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Royal Bank of Canada boosted 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. Finally, B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.25.

FS KKR Capital Stock Performance

Shares of NYSE:FSK opened at $21.71 on Wednesday. The company’s 50 day moving average price is $21.51 and its two-hundred day moving average price is $20.53. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $22.39. 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 has a market cap of $6.08 billion, a PE ratio of 11.55 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last posted its quarterly 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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders bought a total of 11,500 shares of company stock worth $248,910 over the last three months. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Company 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.