M&G PLC Has $7.43 Million Position in FS KKR Capital Corp. $FSK

M&G PLC cut its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 7.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 495,000 shares of the company’s stock after selling 40,000 shares during the quarter. M&G PLC’s holdings in FS KKR Capital were worth $7,425,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Beacon Capital Management Inc. acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth about $26,000. Atlantic Union Bankshares Corp acquired a new position in FS KKR Capital in the second quarter valued at about $26,000. Eastern Bank grew its stake in FS KKR Capital by 355.6% during the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,561 shares during the last quarter. Key Financial Inc acquired a new stake in shares of FS KKR Capital during the second quarter worth approximately $54,000. Finally, Quaker Wealth Management LLC raised its stake in shares of FS KKR Capital by 201.5% in the second quarter. Quaker Wealth Management LLC now owns 3,502 shares of the company’s stock valued at $73,000 after acquiring an additional 6,953 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Royal Bank Of Canada cut their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.50.

FS KKR Capital Stock Down 0.9%

NYSE FSK opened at $13.34 on Tuesday. FS KKR Capital Corp. has a 52 week low of $12.65 and a 52 week high of $24.10. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a fifty day moving average of $14.36 and a 200-day moving average of $15.61.

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.