Andina Capital Management LLC Has $3.42 Million Holdings in FS KKR Capital Corp. $FSK

Andina Capital Management LLC lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 75.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 228,975 shares of the company’s stock after acquiring an additional 98,477 shares during the quarter. FS KKR Capital makes up about 1.9% of Andina Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Andina Capital Management LLC’s holdings in FS KKR Capital were worth $3,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FSK. CCLA Investment Management increased its position in shares of FS KKR Capital by 5.6% in the 3rd quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock valued at $25,435,000 after buying an additional 90,167 shares in the last quarter. Symmetry Partners LLC bought a new stake in FS KKR Capital during the 2nd quarter worth about $372,000. Geneos Wealth Management Inc. boosted its position in FS KKR Capital by 58.2% during the second quarter. Geneos Wealth Management Inc. now owns 559,345 shares of the company’s stock valued at $11,606,000 after purchasing an additional 205,823 shares during the last quarter. AA Financial Advisors LLC raised its position in FS KKR Capital by 24.9% during the third quarter. AA Financial Advisors LLC now owns 185,859 shares of the company’s stock worth $2,775,000 after acquiring an additional 37,001 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in FS KKR Capital by 19.1% in the 2nd quarter. Franklin Resources Inc. now owns 539,022 shares of the company’s stock valued at $11,185,000 after purchasing an additional 86,456 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

NYSE:FSK opened at $14.47 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a twelve month low of $14.05 and a twelve month high of $24.10. The business’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $16.68.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The firm had revenue of $373.00 million for the quarter, compared to analysts’ expectations of $374.89 million. During the same quarter last year, the company posted $0.74 EPS. As a group, equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman purchased 10,000 shares of FS KKR Capital stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the acquisition, the chief executive officer directly owned 24,220 shares in the company, valued at approximately $375,410. This trade represents a 70.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Pietrzak bought 10,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $15.15 per share, with a total value of $151,500.00. Following the transaction, the insider directly owned 59,800 shares in the company, valued at approximately $905,970. This represents a 20.08% increase in their position. The SEC filing for this purchase provides additional information. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FSK shares. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a research report on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Royal Bank Of Canada cut their target price on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, November 14th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.50.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.