FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors decreased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 209,948 shares of the company’s stock after selling 18,027 shares during the quarter. Arkadios Wealth Advisors’ holdings in FS KKR Capital were worth $4,560,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FSK. Envestnet Asset Management Inc. lifted its position in shares of FS KKR Capital by 27.4% in the second quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock worth $9,361,000 after purchasing an additional 102,111 shares in the last quarter. Seven Eight Capital LP acquired a new position in FS KKR Capital in the second quarter worth approximately $662,000. Kendall Capital Management bought a new position in FS KKR Capital during the second quarter valued at approximately $317,000. XTX Topco Ltd acquired a new stake in FS KKR Capital in the second quarter valued at approximately $429,000. Finally, AE Wealth Management LLC boosted its holdings in FS KKR Capital by 28.8% in the second quarter. AE Wealth Management LLC now owns 98,961 shares of the company’s stock worth $1,956,000 after purchasing an additional 22,149 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Insider Transactions 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 dated Thursday, December 5th. The stock was bought at an average cost of $21.31 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have purchased 11,500 shares of company stock valued at $248,910 in the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Stock Up 0.5 %

Shares of FSK opened at $22.27 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $22.40. The company has a market cap of $6.24 billion, a P/E ratio of 11.84 and a beta of 1.24. The firm has a 50 day simple moving average of $21.58 and a two-hundred day simple moving average of $20.56.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm 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 last year, the company posted $0.80 EPS. Research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Analyst Ratings Changes

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