FS KKR Capital Corp. (NYSE:FSK) Shares Sold by IMC Chicago LLC

IMC Chicago LLC reduced its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 27.2% in the 4th quarter, HoldingsChannel reports. The fund owned 10,210 shares of the company’s stock after selling 3,814 shares during the quarter. IMC Chicago LLC’s holdings in FS KKR Capital were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rik Saylor Financial Inc. acquired a new stake in FS KKR Capital during the 4th quarter worth $4,287,000. Silver Oak Securities Incorporated acquired a new stake in shares of FS KKR Capital during the fourth quarter worth about $652,000. Financial Advocates Investment Management increased its position in shares of FS KKR Capital by 8.3% during the fourth quarter. Financial Advocates Investment Management now owns 13,386 shares of the company’s stock worth $291,000 after purchasing an additional 1,024 shares in the last quarter. Insight Advisors LLC PA boosted its position in shares of FS KKR Capital by 6.3% in the 4th quarter. Insight Advisors LLC PA now owns 21,198 shares of the company’s stock valued at $460,000 after purchasing an additional 1,254 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of FS KKR Capital by 1.9% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 49,985 shares of the company’s stock valued at $1,086,000 after purchasing an additional 919 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on FSK. 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. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. JPMorgan Chase & Co. raised their price objective 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. Finally, Royal Bank of Canada upped their target price 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. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.63.

FS KKR Capital Price Performance

FSK stock opened at $23.37 on Thursday. The firm has a market cap of $6.55 billion, a P/E ratio of 12.43 and a beta of 1.25. The stock’s 50 day moving average price is $22.02 and its 200 day moving average price is $20.89. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $23.47. 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 related news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders bought 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company’s stock.

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.