FS KKR Capital Corp. $FSK Holdings Boosted by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC grew its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 4,863.0% in the third quarter, Holdings Channel reports. The institutional investor owned 723,508 shares of the company’s stock after buying an additional 708,930 shares during the period. FS KKR Capital accounts for 1.5% of Gateway Wealth Partners LLC’s holdings, making the stock its 9th biggest holding. Gateway Wealth Partners LLC’s holdings in FS KKR Capital were worth $10,802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CFO4Life Group LLC lifted its position in FS KKR Capital by 3.0% in the second quarter. CFO4Life Group LLC now owns 20,081 shares of the company’s stock valued at $417,000 after purchasing an additional 578 shares during the period. West Michigan Advisors LLC increased its position in FS KKR Capital by 1.5% during the 2nd quarter. West Michigan Advisors LLC now owns 41,194 shares of the company’s stock worth $884,000 after purchasing an additional 591 shares during the period. Transce3nd LLC raised its stake in shares of FS KKR Capital by 3.5% during the 2nd quarter. Transce3nd LLC now owns 17,426 shares of the company’s stock worth $362,000 after buying an additional 591 shares in the last quarter. Wescott Financial Advisory Group LLC lifted its holdings in shares of FS KKR Capital by 2.8% in the 2nd quarter. Wescott Financial Advisory Group LLC now owns 22,949 shares of the company’s stock valued at $476,000 after buying an additional 615 shares during the period. Finally, Bison Wealth LLC boosted its stake in shares of FS KKR Capital by 3.4% in the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after buying an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 1.0%

Shares of FSK opened at $12.88 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. FS KKR Capital Corp. has a 1-year low of $12.65 and a 1-year high of $24.10. The firm has a 50 day simple moving average of $14.62 and a 200-day simple moving average of $16.00.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The firm had revenue of $373.00 million for the quarter, compared to analysts’ expectations of $374.89 million. During the same quarter in the prior year, the firm earned $0.74 EPS. Analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a research note on Monday, November 10th. Royal Bank Of Canada lowered 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. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a report on Friday, November 28th. 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 an average price target of $17.50.

Insider Activity at FS KKR Capital

In related news, CEO Michael C. Forman acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the transaction, the chief executive officer owned 24,220 shares in the company, valued at $375,410. This trade represents a 70.32% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.

FS KKR Capital 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.