EMC Capital Management increased its position in shares of FS KKR Capital Corp. (NYSE:FSK – Free Report) by 95.0% during the 4th quarter, Holdings Channel reports. The firm owned 13,804 shares of the company’s stock after purchasing an additional 6,724 shares during the quarter. EMC Capital Management’s holdings in FS KKR Capital were worth $300,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after buying an additional 3,012,711 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in FS KKR Capital in the second quarter worth about $19,544,000. Legacy Investment Solutions LLC purchased a new position in FS KKR Capital in the third quarter valued at about $7,830,000. Flagship Harbor Advisors LLC bought a new position in shares of FS KKR Capital during the 3rd quarter valued at approximately $7,290,000. Finally, Van ECK Associates Corp grew its holdings in FS KKR Capital by 6.6% during the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after purchasing an additional 356,704 shares during the period. 36.26% of the stock is owned by institutional investors.
Insider Activity at FS KKR Capital
In other news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction dated 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 purchase, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 11,500 shares of company stock worth $248,910 over the last quarter. Corporate insiders own 0.25% of the company’s stock.
Wall Street Analyst Weigh In
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FS KKR Capital Price Performance
NYSE FSK traded up $0.18 on Thursday, reaching $22.85. 28,309 shares of the company’s stock traded hands, compared to its average volume of 1,121,107. The stock has a market cap of $6.40 billion, a PE ratio of 12.15 and a beta of 1.24. The stock has a 50-day simple moving average of $21.80 and a 200 day simple moving average of $20.70. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $23.09. 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 (NYSE:FSK – Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the previous year, the firm earned $0.80 earnings per share. As a group, research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.
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.
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