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

WealthPLAN Partners LLC decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 14.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,969 shares of the company’s stock after selling 3,198 shares during the quarter. WealthPLAN Partners LLC’s holdings in FS KKR Capital were worth $412,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of FSK. International Assets Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 3,012,711 shares during the period. Van ECK Associates Corp lifted its holdings in FS KKR Capital by 11.7% in 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 period. Legacy Investment Solutions LLC acquired a new stake in FS KKR Capital in the third quarter worth about $7,830,000. Flagship Harbor Advisors LLC acquired a new stake in FS KKR Capital in the third quarter worth about $7,290,000. Finally, Strategic Financial Concepts LLC lifted its holdings in FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after purchasing an additional 289,278 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $23.70 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company’s 50-day moving average price is $22.14 and its two-hundred day moving average price is $20.95. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.73. The stock has a market cap of $6.64 billion, a PE ratio of 12.61 and a beta of 1.25.

Analysts Set New Price Targets

Several research firms recently weighed in on FSK. B. Riley downgraded 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 report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Royal Bank of Canada upped 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 report on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.63.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have purchased 11,500 shares of company stock worth $248,910. Company insiders own 0.25% of the company’s stock.

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.