Denali Advisors LLC Trims Stake in FS KKR Capital Corp. (NYSE:FSK)

Denali Advisors LLC lowered its position in FS KKR Capital Corp. (NYSE:FSK) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 298,518 shares of the company’s stock after selling 32,291 shares during the period. Denali Advisors LLC owned approximately 0.11% of FS KKR Capital worth $6,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of FSK. McIlrath & Eck LLC lifted its stake in shares of FS KKR Capital by 47.5% during the 3rd 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 last quarter. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital during the fourth quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 valued at $60,000 after purchasing an additional 1,520 shares during the period. Roxbury Financial LLC bought a new position in shares of FS KKR Capital in the fourth quarter worth about $69,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in FS KKR Capital by 164.8% in the 3rd 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 during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. B. Riley cut 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 report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target 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. Royal Bank of Canada increased their price objective on 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. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital presently has an average rating of “Hold” and an average target price of $20.63.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now directly owns 49,800 shares in the company, valued at approximately $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 hyperlink. In the last three months, insiders purchased 11,500 shares of company stock valued at $248,910. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Down 0.4 %

FS KKR Capital stock opened at $23.38 on Wednesday. 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 firm has a market cap of $6.55 billion, a P/E ratio of 12.44 and a beta of 1.25. The business has a fifty day moving average of $22.43 and a two-hundred day moving average of $21.15. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $24.10.

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.