Epiq Partners LLC Sells 14,650 Shares of FS KKR Capital Corp. (NYSE:FSK)

Epiq Partners LLC decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 300,244 shares of the company’s stock after selling 14,650 shares during the period. FS KKR Capital accounts for 3.5% of Epiq Partners LLC’s investment portfolio, making the stock its 8th biggest position. Epiq Partners LLC owned approximately 0.11% of FS KKR Capital worth $6,521,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after buying an additional 1,520 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after acquiring an additional 3,744 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in FS KKR Capital by 14.9% in the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after acquiring an additional 1,280 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Up 0.6 %

Shares of NYSE:FSK opened at $22.79 on Tuesday. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $22.79. The stock has a 50-day simple moving average of $21.71 and a 200-day simple moving average of $20.65. 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 stock has a market capitalization of $6.38 billion, a P/E ratio of 12.12 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter in the prior year, the business earned $0.80 earnings per share. Equities analysts forecast 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 related news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now owns 49,800 shares in the company, valued at $1,061,238. This represents a 11.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased 11,500 shares of company stock valued at $248,910 over the last three months. 0.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FSK shares. Royal Bank of Canada raised 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. Wells Fargo & Company reissued 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. Finally, B. Riley downgraded shares of 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 research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital has an average 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.