Kovack Advisors Inc. Grows Position in FS KKR Capital Corp. $FSK

Kovack Advisors Inc. raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 87.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,804 shares of the company’s stock after acquiring an additional 96,609 shares during the period. Kovack Advisors Inc.’s holdings in FS KKR Capital were worth $3,088,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. CCLA Investment Management bought a new position in shares of FS KKR Capital during the second quarter valued at about $33,463,000. Gateway Wealth Partners LLC grew its position in FS KKR Capital by 4,863.0% in the 3rd quarter. Gateway Wealth Partners LLC now owns 723,508 shares of the company’s stock worth $10,802,000 after purchasing an additional 708,930 shares in the last quarter. North Ground Capital grew its position in FS KKR Capital by 3,743.8% in the 3rd quarter. North Ground Capital now owns 615,000 shares of the company’s stock worth $9,182,000 after purchasing an additional 599,000 shares in the last quarter. HRT Financial LP increased its stake in FS KKR Capital by 1,687.7% in the 2nd quarter. HRT Financial LP now owns 329,181 shares of the company’s stock valued at $6,830,000 after buying an additional 310,767 shares during the last quarter. Finally, Campbell Capital Management Inc. purchased a new stake in FS KKR Capital in the 2nd quarter valued at about $5,516,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Down 2.1%

Shares of FSK opened at $13.14 on Friday. FS KKR Capital Corp. has a 1 year low of $12.65 and a 1 year high of $24.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s fifty day moving average price is $14.22 and its two-hundred day moving average price is $15.52.

Analysts Set New Price Targets

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

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.