SeaCrest Wealth Management LLC Reduces Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

SeaCrest Wealth Management LLC lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,803 shares of the company’s stock after selling 3,754 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in FS KKR Capital were worth $2,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSK. Fountainhead AM LLC lifted its position in shares of FS KKR Capital by 9.8% during the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after purchasing an additional 71,644 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in FS KKR Capital by 18.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after buying an additional 39,086 shares in the last quarter. International Assets Investment Management LLC boosted its position in 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 buying an additional 3,012,711 shares during the last quarter. Cascade Investment Group Inc. acquired a new stake in shares of FS KKR Capital during the third quarter valued at about $1,038,000. Finally, 1832 Asset Management L.P. increased its position in shares of FS KKR Capital by 31.1% during the second quarter. 1832 Asset Management L.P. now owns 800,000 shares of the company’s stock worth $15,784,000 after acquiring an additional 189,860 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FSK shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.25.

FS KKR Capital Stock Performance

FSK stock opened at $21.71 on Wednesday. The firm has a market cap of $6.08 billion, a P/E ratio of 11.55 and a beta of 1.24. The stock’s 50 day simple moving average is $21.51 and its 200 day simple moving average is $20.53. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $22.39.

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

Insiders Place Their Bets

In related news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the transaction, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 11,500 shares of company stock valued at $248,910 over the last quarter. Insiders own 0.25% of the company’s stock.

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.