Wealthstar Advisors LLC Buys New Stake in FS KKR Capital Corp. (NYSE:FSK)

Wealthstar Advisors LLC purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 83,332 shares of the company’s stock, valued at approximately $1,810,000. FS KKR Capital accounts for about 0.8% of Wealthstar Advisors LLC’s portfolio, making the stock its 25th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of FS KKR Capital in the second quarter valued at approximately $206,000. SG Americas Securities LLC lifted 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 worth $204,000 after purchasing an additional 2,509 shares during the period. Sound Income Strategies LLC boosted its stake in FS KKR Capital by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after purchasing an additional 1,280 shares in the last quarter. Creative Planning increased its position in shares of FS KKR Capital by 1.1% during the 3rd quarter. Creative Planning now owns 97,849 shares of the company’s stock valued at $1,931,000 after purchasing an additional 1,041 shares during the period. Finally, PFG Advisors raised its stake in shares of FS KKR Capital by 2.4% in the 3rd quarter. PFG Advisors now owns 186,731 shares of the company’s stock worth $3,684,000 after buying an additional 4,309 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FSK opened at $23.23 on Monday. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $23.47. The company has a 50-day moving average of $21.97 and a two-hundred day moving average of $20.85. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.25.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders bought 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company’s stock.

FS KKR Capital 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.