Acorn Wealth Advisors LLC Boosts Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Acorn Wealth Advisors LLC raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,280 shares of the company’s stock after buying an additional 1,088 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in FS KKR Capital were worth $1,027,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in shares of FS KKR Capital by 24.0% in the 4th quarter. IFP Advisors Inc now owns 52,928 shares of the company’s stock worth $1,150,000 after purchasing an additional 10,256 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in FS KKR Capital during the 4th quarter valued at about $1,852,000. MONECO Advisors LLC raised its holdings in FS KKR Capital by 241.6% in the fourth quarter. MONECO Advisors LLC now owns 53,640 shares of the company’s stock worth $1,165,000 after buying an additional 37,939 shares during the last quarter. WESPAC Advisors LLC lifted its stake in shares of FS KKR Capital by 36.5% in the fourth quarter. WESPAC Advisors LLC now owns 33,358 shares of the company’s stock worth $725,000 after buying an additional 8,913 shares in the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of FS KKR Capital by 7.2% during the fourth quarter. Sigma Planning Corp now owns 207,624 shares of the company’s stock valued at $4,510,000 after buying an additional 13,943 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Performance

FSK stock opened at $23.49 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $24.10. The company has a market cap of $6.58 billion, a P/E ratio of 12.49 and a beta of 1.25. The stock’s fifty day moving average price is $22.43 and its 200-day moving average price is $21.15.

Analyst Ratings Changes

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

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of FS KKR Capital stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of $22.08 per share, with a total value of $110,400.00. Following the transaction, the insider now directly owns 15,109 shares of the company’s stock, valued at $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have bought 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by company insiders.

FS KKR Capital Company Profile

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.