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

Kestra Private Wealth Services LLC trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 18.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,741 shares of the company’s stock after selling 10,850 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in FS KKR Capital were worth $1,037,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its holdings 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 buying an additional 675 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in FS KKR Capital during the fourth quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 buying an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings 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 buying an additional 3,744 shares in the last quarter. Finally, Financial Life Planners bought a new stake in FS KKR Capital during the fourth quarter worth approximately $206,000. 36.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the transaction, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 11,500 shares of company stock worth $248,910 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Stock Up 0.0 %

FSK stock opened at $23.38 on Friday. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $23.47. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 12.43 and a beta of 1.25. The company has a 50 day moving average of $22.06 and a two-hundred day moving average of $20.91.

Analyst Ratings Changes

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

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.