Ignite Planners LLC Raises Stake in FS KKR Capital Corp. (NYSE:FSK)

Ignite Planners LLC grew its stake in FS KKR Capital Corp. (NYSE:FSK) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,800 shares of the company’s stock after buying an additional 2,635 shares during the period. Ignite Planners LLC’s holdings in FS KKR Capital were worth $832,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in FS KKR Capital by 1,967.7% during 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 purchased a new stake in shares of FS KKR Capital during the 2nd quarter worth $19,544,000. Legacy Investment Solutions LLC acquired a new position in shares of FS KKR Capital during the 3rd quarter worth $7,830,000. Flagship Harbor Advisors LLC acquired a new stake in shares of FS KKR Capital in the third quarter valued at about $7,290,000. Finally, Van ECK Associates Corp boosted 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 worth $117,886,000 after buying an additional 356,704 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $21.45 on Tuesday. The stock has a market capitalization of $6.01 billion, a P/E ratio of 11.41 and a beta of 1.24. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The business’s fifty day moving average price is $21.48 and its 200 day moving average price is $20.51. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $22.39.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating 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 firm had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the previous year, the company 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 year.

Wall Street Analyst Weigh In

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

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson bought 5,000 shares of FS KKR Capital stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the purchase, the insider now owns 15,109 shares in the company, valued at $333,606.72. This represents a 49.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by company insiders.

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.