WESPAC Advisors LLC Increases Position in FS KKR Capital Corp. (NYSE:FSK)

WESPAC Advisors LLC raised its position in FS KKR Capital Corp. (NYSE:FSK) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,358 shares of the company’s stock after purchasing an additional 8,913 shares during the period. WESPAC Advisors LLC’s holdings in FS KKR Capital were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Sigma Planning Corp increased its position in shares of FS KKR Capital by 7.2% in the 4th quarter. Sigma Planning Corp now owns 207,624 shares of the company’s stock valued at $4,510,000 after purchasing an additional 13,943 shares during the last quarter. Lloyd Advisory Services LLC. grew its position in shares of FS KKR Capital by 6.7% in the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock valued at $232,000 after buying an additional 667 shares during the last quarter. Transcend Capital Advisors LLC grew its position in shares of FS KKR Capital by 10.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after buying an additional 128,856 shares during the last quarter. Legacy Solutions LLC purchased a new position in shares of FS KKR Capital in the 4th quarter valued at $1,332,000. Finally, Mcdonald Partners LLC purchased a new position in shares of FS KKR Capital in the 4th quarter valued at $200,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The stock was 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. The trade was a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have acquired 11,500 shares of company stock valued at $248,910. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on FSK shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research report 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 company a “sector perform” rating in a research report on Monday, November 18th. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their target price 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. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.63.

FS KKR Capital Trading Down 0.1 %

Shares of FS KKR Capital stock opened at $23.72 on Friday. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $24.10. 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 company has a market capitalization of $6.64 billion, a P/E ratio of 12.61 and a beta of 1.25. The company’s fifty day moving average is $22.38 and its two-hundred day moving average is $21.10.

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.