Perigon Wealth Management LLC Grows Stake in FS KKR Capital Corp. (NYSE:FSK)

Perigon Wealth Management LLC lifted its position in FS KKR Capital Corp. (NYSE:FSK) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,505 shares of the company’s stock after acquiring an additional 689 shares during the period. Perigon Wealth Management LLC’s holdings in FS KKR Capital were worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of FS KKR Capital by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after acquiring an additional 356,704 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of FS KKR Capital by 4.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after acquiring an additional 188,542 shares in the last quarter. International Assets Investment Management LLC raised its position 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 worth $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. Strong Tower Advisory Services increased its position in FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after buying an additional 36,127 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in FS KKR Capital by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 894,704 shares of the company’s stock valued at $17,653,000 after buying an additional 35,455 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

NYSE:FSK opened at $23.35 on Monday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The business’s 50-day simple moving average is $21.86 and its two-hundred day simple moving average is $20.75. The stock has a market cap of $6.54 billion, a PE ratio of 12.42 and a beta of 1.24. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.47.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.80 earnings per share. As a group, analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Insider Transactions at FS KKR Capital

In other news, insider Brian Gerson bought 5,000 shares of FS KKR Capital stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $22.08 per share, with a total value of $110,400.00. Following the completion of the acquisition, the insider now owns 15,109 shares of the company’s stock, valued at $333,606.72. This trade represents a 49.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have bought 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FSK. Royal Bank of Canada raised their price objective 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. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and a consensus target price of $20.25.

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.