Golden State Wealth Management LLC Has $161,000 Position in FS KKR Capital Corp. $FSK

Golden State Wealth Management LLC lowered its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 81.7% in the third quarter, Holdings Channel reports. The firm owned 10,778 shares of the company’s stock after selling 48,017 shares during the period. Golden State Wealth Management LLC’s holdings in FS KKR Capital were worth $161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Beacon Capital Management Inc. acquired a new stake in shares of FS KKR Capital in the second quarter worth $26,000. Atlantic Union Bankshares Corp bought a new position in FS KKR Capital in the 2nd quarter worth $26,000. Trust Co. of Vermont lifted its position in FS KKR Capital by 51.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after acquiring an additional 515 shares during the last quarter. Eastern Bank boosted its holdings in FS KKR Capital by 355.6% during the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 1,561 shares during the period. Finally, Key Financial Inc bought a new stake in FS KKR Capital during the second quarter valued at about $54,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Down 0.3%

FS KKR Capital stock opened at $13.78 on Friday. The business has a 50 day moving average price of $14.91 and a two-hundred day moving average price of $16.36. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 12 month low of $13.63 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $373.00 million for the quarter, compared to analysts’ expectations of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same period in the previous year, the business posted $0.74 earnings per share. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FSK. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock in a research note on Monday, October 6th. Royal Bank Of Canada dropped their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, November 14th. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and a consensus target price of $17.50.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the purchase, the insider owned 59,800 shares in the company, valued at $905,970. This represents a 20.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael C. Forman acquired 10,000 shares of FS KKR Capital stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average cost of $15.50 per share, with a total value of $155,000.00. Following the completion of the acquisition, the chief executive officer directly owned 24,220 shares in the company, valued at $375,410. This trade represents a 70.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.18% of the company’s stock.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.