Kovack Advisors Inc. Boosts Stock Holdings in FS KKR Capital Corp. $FSK

Kovack Advisors Inc. lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 87.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 206,804 shares of the company’s stock after acquiring an additional 96,609 shares during the quarter. Kovack Advisors Inc.’s holdings in FS KKR Capital were worth $3,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of FSK. Atlantic Union Bankshares Corp purchased a new position in FS KKR Capital in the 2nd quarter valued at approximately $26,000. Beacon Capital Management Inc. bought a new position in shares of FS KKR Capital in the second quarter worth $26,000. Eastern Bank grew its position in shares of FS KKR Capital by 355.6% in the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 1,561 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of FS KKR Capital by 59.9% during the 3rd quarter. Rothschild Investment LLC now owns 3,194 shares of the company’s stock valued at $48,000 after purchasing an additional 1,196 shares during the period. Finally, Key Financial Inc purchased a new stake in FS KKR Capital during the 2nd quarter worth about $54,000. 36.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a research note on Monday, November 10th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada decreased their price target on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, November 14th. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.50.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $13.14 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 1 year low of $12.65 and a 1 year high of $24.03. The company has a 50 day simple moving average of $14.22 and a two-hundred day simple moving average of $15.52.

About FS KKR Capital

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.