Apeiron RIA LLC Sells 1,493 Shares of FS KKR Capital Corp. (NYSE:FSK)

Apeiron RIA LLC reduced its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,693 shares of the company’s stock after selling 1,493 shares during the period. Apeiron RIA LLC’s holdings in FS KKR Capital were worth $754,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its stake in FS KKR Capital by 27.4% during the second quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock worth $9,361,000 after purchasing an additional 102,111 shares during the period. XTX Topco Ltd bought a new position in shares of FS KKR Capital during the 2nd quarter worth approximately $429,000. Thrivent Financial for Lutherans grew its position in shares of FS KKR Capital by 15.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock worth $508,000 after buying an additional 3,415 shares during the period. ProShare Advisors LLC increased its stake in shares of FS KKR Capital by 7.4% in the 2nd quarter. ProShare Advisors LLC now owns 42,380 shares of the company’s stock valued at $836,000 after acquiring an additional 2,919 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of FS KKR Capital during the 2nd quarter valued at $206,000. 36.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Royal Bank of Canada boosted their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Finally, 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 research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and an average price target of $20.25.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $22.53 on Friday. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 11.98 and a beta of 1.24. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.55. The firm’s 50-day simple moving average is $21.66 and its 200 day simple moving average is $20.62.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 11,500 shares of company stock worth $248,910. Corporate insiders own 0.25% of the company’s stock.

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.