Adams Asset Advisors LLC Buys 2,865 Shares of FS KKR Capital Corp. (NYSE:FSK)

Adams Asset Advisors LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,626 shares of the company’s stock after buying an additional 2,865 shares during the period. Adams Asset Advisors LLC’s holdings in FS KKR Capital were worth $2,881,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Wescott Financial Advisory Group LLC grew its holdings in shares of FS KKR Capital by 2.9% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after purchasing an additional 600 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of FS KKR Capital by 47.5% during 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. Centaurus Financial Inc. boosted its position in shares of FS KKR Capital by 0.8% during the 3rd quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after acquiring an additional 935 shares in the last quarter. Souders Financial Advisors boosted its position in shares of FS KKR Capital by 3.9% during the 2nd quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock valued at $497,000 after acquiring an additional 950 shares in the last quarter. Finally, Confluence Investment Management LLC increased its stake in FS KKR Capital by 1.9% in the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after acquiring an additional 991 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

NYSE FSK traded up $0.07 on Monday, hitting $21.31. 578,516 shares of the company were exchanged, compared to its average volume of 1,241,596. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.97 billion, a P/E ratio of 11.34 and a beta of 1.24. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $22.39. The firm has a 50 day moving average of $21.45 and a two-hundred day moving average of $20.50.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Insider Activity

In other FS KKR Capital news, insider Brian Gerson bought 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $22.08 per share, with a total value of $110,400.00. Following the acquisition, the insider now owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 11,500 shares of company stock valued at $248,910 over the last 90 days. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.