FS KKR Capital Corp. (NYSE:FSK) Position Lowered by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,741 shares of the company’s stock after selling 10,850 shares during the period. Kestra Private Wealth Services LLC’s holdings in FS KKR Capital were worth $1,037,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after acquiring an additional 675 shares during the period. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the fourth quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after acquiring an additional 1,520 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after acquiring an additional 3,744 shares during the period. Finally, Financial Life Planners acquired a new stake in FS KKR Capital during the fourth quarter worth about $206,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $23.38 on Friday. The firm’s 50 day moving average is $22.06 and its two-hundred day moving average is $20.91. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.47. The firm has a market capitalization of $6.55 billion, a P/E ratio of 12.43 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.63.

Insider Buying and Selling at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the insider now directly owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. The trade was a 49.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by company insiders.

FS KKR Capital Company Profile

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.