Wealthstar Advisors LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Wealthstar Advisors LLC purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 83,332 shares of the company’s stock, valued at approximately $1,810,000. FS KKR Capital makes up about 0.8% of Wealthstar Advisors LLC’s portfolio, making the stock its 25th largest position.

Other large investors have also made changes to their positions in the company. Marshall Wace LLP bought a new position in FS KKR Capital during the second quarter valued at approximately $206,000. SG Americas Securities LLC raised its holdings in shares of FS KKR Capital by 32.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,317 shares of the company’s stock valued at $204,000 after purchasing an additional 2,509 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of FS KKR Capital by 14.9% in the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after purchasing an additional 1,280 shares during the last quarter. Creative Planning boosted its holdings in FS KKR Capital by 1.1% in the third quarter. Creative Planning now owns 97,849 shares of the company’s stock worth $1,931,000 after purchasing an additional 1,041 shares in the last quarter. Finally, PFG Advisors increased its position in FS KKR Capital by 2.4% during the third quarter. PFG Advisors now owns 186,731 shares of the company’s stock worth $3,684,000 after buying an additional 4,309 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.4 %

FSK opened at $23.23 on Monday. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.47. The business has a 50 day moving average of $21.97 and a 200-day moving average of $20.85. The stock 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FSK shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Royal Bank of Canada boosted their target price on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. increased their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, B. Riley cut shares of 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 equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and an average price target of $20.63.

Insider Buying and Selling at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $22.08 per share, with a total value of $110,400.00. Following the completion of the transaction, the insider now owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. This represents a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders purchased a total of 11,500 shares of company stock valued at $248,910 in the last ninety days. Company insiders own 0.25% of the company’s stock.

FS KKR Capital 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.