FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC trimmed its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 29.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,131 shares of the company’s stock after selling 35,271 shares during the quarter. Global Retirement Partners LLC’s holdings in FS KKR Capital were worth $1,806,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FSK. Van ECK Associates Corp lifted its position in shares of FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares during the last quarter. International Assets Investment Management LLC raised its stake in FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares in the last quarter. Strong Tower Advisory Services lifted its holdings in FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock worth $23,252,000 after buying an additional 36,127 shares during the last quarter. Private Advisor Group LLC lifted its holdings in FS KKR Capital by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 894,704 shares of the company’s stock worth $17,653,000 after buying an additional 35,455 shares during the last quarter. Finally, Fountainhead AM LLC grew its position in shares of FS KKR Capital by 9.8% in the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after acquiring an additional 71,644 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

FS KKR Capital Stock Down 1.3 %

FS KKR Capital stock opened at $23.75 on Friday. The firm has a market capitalization of $6.65 billion, a P/E ratio of 12.63 and a beta of 1.25. The company has a 50-day simple moving average of $22.34 and a 200-day simple moving average of $21.06. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

Insiders Place Their Bets

In other FS KKR Capital news, insider Brian Gerson bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $22.08 per share, with a total value of $110,400.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders bought 11,500 shares of company stock worth $248,910. Insiders own 0.25% of the company’s stock.

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.