Flagship Harbor Advisors LLC Acquires 62,490 Shares of FS KKR Capital Corp. $FSK

Flagship Harbor Advisors LLC increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 506,545 shares of the company’s stock after buying an additional 62,490 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in FS KKR Capital were worth $7,563,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Commonwealth Equity Services LLC raised its stake in FS KKR Capital by 0.7% during the second quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock worth $89,514,000 after acquiring an additional 28,619 shares in the last quarter. Generali Asset Management SPA SGR boosted its stake in shares of FS KKR Capital by 2.5% in the 3rd quarter. Generali Asset Management SPA SGR now owns 2,546,371 shares of the company’s stock valued at $38,017,000 after purchasing an additional 61,106 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of FS KKR Capital by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 2,147,309 shares of the company’s stock valued at $44,546,000 after purchasing an additional 66,943 shares during the last quarter. CCLA Investment Management increased its position in FS KKR Capital by 5.6% during the 3rd quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock worth $25,435,000 after purchasing an additional 90,167 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in FS KKR Capital by 6.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,137,986 shares of the company’s stock worth $23,617,000 after purchasing an additional 67,785 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Thursday, January 22nd. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Wall Street Zen downgraded FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Royal Bank Of Canada reduced their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, November 14th. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

FS KKR Capital Stock Up 1.1%

Shares of FSK opened at $13.29 on Thursday. The business has a 50-day moving average of $14.76 and a 200-day moving average of $16.13. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. FS KKR Capital Corp. has a 1 year low of $13.01 and a 1 year high of $24.10.

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

Insider Buying and Selling

In other news, CEO Michael C. Forman acquired 10,000 shares of FS KKR Capital stock in a transaction dated Tuesday, November 11th. The shares were bought at an average cost 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 $375,410. This trade represents a 70.32% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel Pietrzak acquired 10,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $15.15 per share, with a total value of $151,500.00. Following the completion of the transaction, the insider owned 59,800 shares of the company’s stock, valued at $905,970. This trade represents a 20.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.18% of the stock is currently 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.