Calton & Associates Inc. Sells 17,590 Shares of FS KKR Capital Corp. (NYSE:FSK)

Calton & Associates Inc. lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,445 shares of the company’s stock after selling 17,590 shares during the quarter. Calton & Associates Inc.’s holdings in FS KKR Capital were worth $596,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FSK. International Assets Investment Management LLC grew its stake in shares of FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of FS KKR Capital in the 2nd quarter valued at about $19,544,000. Legacy Investment Solutions LLC acquired a new position in shares of FS KKR Capital during the 3rd quarter worth about $7,830,000. Flagship Harbor Advisors LLC bought a new stake in shares of FS KKR Capital in the 3rd quarter valued at about $7,290,000. Finally, Van ECK Associates Corp lifted its stake in FS KKR Capital by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after purchasing an additional 356,704 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Brian Gerson bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the transaction, the insider now owns 15,109 shares of the company’s stock, valued at $333,606.72. This represents a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 11,500 shares of company stock valued at $248,910 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FSK has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Royal Bank of Canada raised their price target 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. Finally, B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. Eight equities 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 an average target price of $20.25.

FS KKR Capital Trading Up 1.9 %

FSK stock opened at $23.11 on Friday. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.18. The company has a market capitalization of $6.47 billion, a PE ratio of 12.29 and a beta of 1.24. The company’s 50-day simple moving average is $21.80 and its 200 day simple moving average is $20.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Company Profile

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.