FS KKR Capital Corp. $FSK Shares Sold by Golden State Wealth Management LLC

Golden State Wealth Management LLC cut its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 81.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,778 shares of the company’s stock after selling 48,017 shares during the quarter. Golden State Wealth Management LLC’s holdings in FS KKR Capital were worth $161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new position in FS KKR Capital in the 2nd quarter worth about $26,000. Beacon Capital Management Inc. purchased a new stake in FS KKR Capital during the second quarter valued at about $26,000. Eastern Bank boosted its holdings in shares of FS KKR Capital by 355.6% in the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,561 shares during the period. Trust Co. of Vermont increased its position in shares of FS KKR Capital by 51.0% in the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after acquiring an additional 515 shares in the last quarter. Finally, Key Financial Inc purchased a new position in shares of FS KKR Capital in the second quarter worth approximately $54,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 0.3%

Shares of NYSE:FSK opened at $13.78 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 1 year low of $13.63 and a 1 year high of $24.10. The business has a fifty day simple moving average of $14.91 and a 200 day simple moving average of $16.36.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $373.00 million for the quarter, compared to the consensus estimate of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on FSK. Keefe, Bruyette & Woods decreased their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a research note on Monday, November 10th. Royal Bank Of Canada reduced their target price on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Friday, November 14th. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Wells Fargo & Company raised FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target on the stock in a research report on Monday, October 6th. Finally, Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and an average price target of $17.50.

Insider Buying and Selling

In other FS KKR Capital news, CEO Michael C. Forman acquired 10,000 shares of FS KKR Capital stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average price of $15.50 per share, with a total value of $155,000.00. Following the purchase, the chief executive officer owned 24,220 shares in the company, valued at approximately $375,410. This trade represents a 70.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Pietrzak acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $15.15 per share, with a total value of $151,500.00. Following the completion of the acquisition, the insider directly owned 59,800 shares of the company’s stock, valued at $905,970. This represents a 20.08% increase in their position. The SEC filing for this purchase provides additional information. 0.18% of the stock is owned by insiders.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.