Financial Advocates Investment Management Has $291,000 Holdings in FS KKR Capital Corp. (NYSE:FSK)

Financial Advocates Investment Management boosted its stake in FS KKR Capital Corp. (NYSE:FSK) by 8.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,386 shares of the company’s stock after buying an additional 1,024 shares during the period. Financial Advocates Investment Management’s holdings in FS KKR Capital were worth $291,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FSK. Marshall Wace LLP bought a new stake in shares of FS KKR Capital in the 2nd quarter worth about $206,000. SG Americas Securities LLC boosted its position in FS KKR Capital by 32.1% in the third quarter. SG Americas Securities LLC now owns 10,317 shares of the company’s stock valued at $204,000 after buying an additional 2,509 shares in the last quarter. Sound Income Strategies LLC grew its stake in FS KKR Capital by 14.9% during the third quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after buying an additional 1,280 shares during the last quarter. Creative Planning increased its holdings in shares of FS KKR Capital by 1.1% during the third quarter. Creative Planning now owns 97,849 shares of the company’s stock worth $1,931,000 after buying an additional 1,041 shares in the last quarter. Finally, PFG Advisors raised its stake in shares of FS KKR Capital by 2.4% in the third quarter. PFG Advisors now owns 186,731 shares of the company’s stock valued at $3,684,000 after acquiring an additional 4,309 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $23.23 on Monday. The company has a market cap of $6.50 billion, a PE 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. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $23.47. The company’s 50-day moving average is $21.97 and its two-hundred day moving average is $20.85.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the transaction, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 11,500 shares of company stock worth $248,910 over the last ninety days. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FSK. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.63.

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.