Geneos Wealth Management Inc. Has $7.43 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Geneos Wealth Management Inc. lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,135 shares of the company’s stock after buying an additional 5,825 shares during the period. Geneos Wealth Management Inc.’s holdings in FS KKR Capital were worth $7,431,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FSK. Van ECK Associates Corp increased 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 buying an additional 356,704 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of FS KKR Capital by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock valued at $84,487,000 after acquiring an additional 188,542 shares during the last quarter. International Assets Investment Management LLC raised its holdings in FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. Strong Tower Advisory Services raised its holdings in FS KKR Capital by 3.5% during the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock worth $23,252,000 after acquiring an additional 36,127 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in FS KKR Capital during the second quarter valued at approximately $19,544,000. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Trading Up 0.6 %

Shares of FS KKR Capital stock opened at $22.65 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business has a fifty day simple moving average of $21.71 and a two-hundred day simple moving average of $20.65. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $22.67. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 12.05 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last posted its 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 company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter last year, the company posted $0.80 EPS. Research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FSK. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Royal Bank of Canada boosted their target price 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, Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and an average price target of $20.25.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 11,500 shares of company stock worth $248,910 over the last quarter. Company insiders own 0.25% of the company’s stock.

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.