Silver Oak Securities Incorporated Invests $652,000 in FS KKR Capital Corp. (NYSE:FSK)

Silver Oak Securities Incorporated acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,067 shares of the company’s stock, valued at approximately $652,000.

Other hedge funds have also made changes to their positions in the company. Fountainhead AM LLC boosted its stake in FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after purchasing an additional 71,644 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in FS KKR Capital by 86.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after buying an additional 104,016 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in FS KKR Capital by 18.1% during the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after acquiring an additional 39,086 shares during the period. Graypoint LLC raised its position in FS KKR Capital by 23.1% in the fourth quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after acquiring an additional 26,174 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after acquiring an additional 3,012,711 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. JPMorgan Chase & Co. raised their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price target 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. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.63.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction dated 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 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 the SEC website. In the last quarter, insiders have purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $23.23 on Friday. The stock’s fifty day simple moving average is $21.95 and its 200-day simple moving average is $20.82. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.47.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal 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.