Private Advisor Group LLC Lowers Stake in FS KKR Capital Corp. (NYSE:FSK)

Private Advisor Group LLC trimmed its position in FS KKR Capital Corp. (NYSE:FSK) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 884,781 shares of the company’s stock after selling 9,923 shares during the quarter. Private Advisor Group LLC’s holdings in FS KKR Capital were worth $19,218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fountainhead AM LLC raised its holdings in FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after buying an additional 71,644 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of FS KKR Capital by 86.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after acquiring an additional 104,016 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of FS KKR Capital by 18.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after acquiring an additional 39,086 shares during the period. Graypoint LLC lifted its holdings in shares of FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after acquiring an additional 26,174 shares in the last quarter. Finally, International Assets Investment Management LLC boosted 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 purchasing an additional 3,012,711 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSK has been the topic of several research reports. 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. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.63.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $24.05 on Thursday. The business has a 50 day moving average price of $22.29 and a two-hundred day moving average price of $21.04. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $24.10. The firm has a market cap of $6.74 billion, a PE ratio of 12.79 and a beta of 1.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by corporate insiders.

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.