LSV Asset Management Trims Holdings in FS KKR Capital Corp. $FSK

LSV Asset Management reduced its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,618,365 shares of the company’s stock after selling 118,175 shares during the period. LSV Asset Management owned 0.58% of FS KKR Capital worth $24,162,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. CCLA Investment Management purchased a new position in FS KKR Capital during the second quarter worth about $33,463,000. Gateway Wealth Partners LLC lifted its stake in shares of FS KKR Capital by 4,863.0% during the third quarter. Gateway Wealth Partners LLC now owns 723,508 shares of the company’s stock worth $10,802,000 after purchasing an additional 708,930 shares in the last quarter. North Ground Capital raised its holdings in shares of FS KKR Capital by 3,743.8% during the 3rd quarter. North Ground Capital now owns 615,000 shares of the company’s stock valued at $9,182,000 after buying an additional 599,000 shares during the period. HRT Financial LP lifted its position in FS KKR Capital by 1,687.7% during the 2nd quarter. HRT Financial LP now owns 329,181 shares of the company’s stock worth $6,830,000 after acquiring an additional 310,767 shares in the last quarter. Finally, Campbell Capital Management Inc. purchased a new position in FS KKR Capital in the 2nd quarter worth approximately $5,516,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Ratings Changes

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

FS KKR Capital Stock Performance

Shares of FSK stock opened at $13.34 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a one year low of $12.65 and a one year high of $24.10. The company’s 50-day simple moving average is $14.40 and its 200-day simple moving average is $15.74.

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.