Legacy Solutions LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Legacy Solutions LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, Holdings Channel.com reports. The firm bought 61,346 shares of the company’s stock, valued at approximately $1,332,000. FS KKR Capital accounts for about 1.5% of Legacy Solutions LLC’s holdings, making the stock its 15th largest position.

A number of other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings 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 valued at $62,462,000 after acquiring an additional 3,012,711 shares during the period. Van ECK Associates Corp boosted its position in shares of FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of FS KKR Capital in the 3rd quarter valued at about $7,830,000. Flagship Harbor Advisors LLC acquired a new position in FS KKR Capital during the third quarter worth about $7,290,000. Finally, Strategic Financial Concepts LLC increased its stake in FS KKR Capital by 2,029.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after purchasing an additional 289,278 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Trading Up 0.8 %

Shares of NYSE FSK opened at $23.93 on Wednesday. The business has a fifty day simple moving average of $22.19 and a 200-day simple moving average of $20.98. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 12.73 and a beta of 1.25. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $24.04. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $21.31 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders bought 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FSK has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Royal Bank of Canada raised their price objective on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. raised their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, B. Riley downgraded shares of 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital has an average rating of “Hold” and an average target price of $20.63.

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.