Dover Advisors LLC Sells 5,259 Shares of FS KKR Capital Corp. (NYSE:FSK)

Dover Advisors LLC lowered its position in FS KKR Capital Corp. (NYSE:FSK) by 20.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,250 shares of the company’s stock after selling 5,259 shares during the period. Dover Advisors LLC’s holdings in FS KKR Capital were worth $440,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FSK. Fountainhead AM LLC grew its holdings in FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after purchasing an additional 71,644 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of FS KKR Capital by 86.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after purchasing an additional 104,016 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of FS KKR Capital by 18.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after purchasing an additional 39,086 shares in the last quarter. Proactive Wealth Strategies LLC grew its stake in FS KKR Capital by 24.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock worth $1,411,000 after buying an additional 12,926 shares during the last quarter. Finally, Graypoint LLC increased its position in FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after buying an additional 26,174 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $23.72 on Monday. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 12.61 and a beta of 1.25. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $24.10. The company has a 50 day simple moving average of $22.38 and a two-hundred day simple moving average of $21.12. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

Insider Activity at FS KKR Capital

In related news, insider Brian Gerson bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $22.08 per share, with a total value of $110,400.00. Following the completion of the acquisition, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 11,500 shares of company stock worth $248,910 over the last three months. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank of Canada raised their price target on 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. lifted their target price 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. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.63.

FS KKR Capital 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.