International Assets Investment Management LLC Reduces Position in FS KKR Capital Corp. (NYSE:FSK)

International Assets Investment Management LLC decreased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 95.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 141,676 shares of the company’s stock after selling 3,024,141 shares during the period. International Assets Investment Management LLC’s holdings in FS KKR Capital were worth $3,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Savant Capital LLC raised its holdings in FS KKR Capital by 13.1% during the 2nd quarter. Savant Capital LLC now owns 27,173 shares of the company’s stock valued at $536,000 after acquiring an additional 3,138 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in FS KKR Capital during the 2nd quarter worth about $189,000. Norden Group LLC boosted its stake in FS KKR Capital by 13.8% in the 2nd quarter. Norden Group LLC now owns 11,609 shares of the company’s stock worth $229,000 after purchasing an additional 1,405 shares during the period. Strategic Financial Concepts LLC grew its holdings in FS KKR Capital by 1,303.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 293,331 shares of the company’s stock valued at $63,000 after buying an additional 272,429 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of FS KKR Capital during the second quarter valued at about $168,000. Institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. Finally, B. Riley lowered 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 analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.25.

FS KKR Capital Trading Down 1.2 %

Shares of FSK stock traded down $0.25 on Wednesday, hitting $21.29. 278,000 shares of the company’s stock traded hands, compared to its average volume of 1,113,648. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 11.32 and a beta of 1.25. The company’s fifty day simple moving average is $21.36 and its 200 day simple moving average is $20.45. 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 Corp. has a one year low of $18.31 and a one year high of $22.39.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the previous year, the firm earned $0.80 EPS. Equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Insider Activity

In related news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders bought 11,500 shares of company stock valued at $248,910. Insiders own 0.25% of the company’s stock.

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.