Graypoint LLC Boosts Holdings in FS KKR Capital Corp. (NYSE:FSK)

Graypoint LLC grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,504 shares of the company’s stock after acquiring an additional 26,174 shares during the quarter. Graypoint LLC’s holdings in FS KKR Capital were worth $3,030,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Financial Bank Trust Division raised its stake in FS KKR Capital by 5.0% during the fourth quarter. First Financial Bank Trust Division now owns 27,616 shares of the company’s stock worth $600,000 after purchasing an additional 1,313 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of FS KKR Capital by 258.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 105,171 shares of the company’s stock valued at $2,075,000 after acquiring an additional 75,811 shares in the last quarter. Franklin Resources Inc. boosted its position in FS KKR Capital by 14.1% during the 3rd quarter. Franklin Resources Inc. now owns 360,256 shares of the company’s stock worth $7,284,000 after purchasing an additional 44,557 shares during the period. Sfmg LLC increased its holdings in FS KKR Capital by 1.7% in the 3rd quarter. Sfmg LLC now owns 127,286 shares of the company’s stock valued at $2,511,000 after purchasing an additional 2,151 shares in the last quarter. Finally, World Investment Advisors LLC raised its position in FS KKR Capital by 22.9% in the third quarter. World Investment Advisors LLC now owns 17,707 shares of the company’s stock valued at $349,000 after purchasing an additional 3,297 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Down 0.8 %

Shares of FS KKR Capital stock traded down $0.18 during trading on Friday, reaching $21.20. The company had a trading volume of 1,306,857 shares, compared to its average volume of 1,356,840. 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 fifty-two week low of $18.31 and a fifty-two week high of $22.39. The firm’s fifty day moving average is $21.43 and its 200-day moving average is $20.48. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 11.28 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last released its 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 company had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same quarter last year, the business posted $0.80 EPS. On average, analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the transaction, the insider now owns 49,800 shares in the company, valued at $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 11,500 shares of company stock valued at $248,910 over the last 90 days. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on FSK. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, Royal Bank of Canada lifted 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 research note on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.25.

About FS KKR Capital

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.