Savant Capital LLC Reduces Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Savant Capital LLC decreased its stake in FS KKR Capital Corp. (NYSE:FSK) by 20.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,613 shares of the company’s stock after selling 4,869 shares during the quarter. Savant Capital LLC’s holdings in FS KKR Capital were worth $404,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC boosted its stake in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of FS KKR Capital in the fourth quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after buying an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of FS KKR Capital by 164.8% in the third 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 last quarter. Finally, Financial Life Planners purchased a new stake in shares of FS KKR Capital in the fourth quarter worth about $206,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $23.70 on Monday. The business has a 50 day simple moving average of $22.14 and a two-hundred day simple moving average of $20.96. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $23.73. The stock has a market capitalization of $6.64 billion, a P/E ratio of 12.61 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

Wall Street Analysts Forecast Growth

FSK has been the topic of a number of recent research reports. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada upped 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. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.63.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade 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 is available through this link. Insiders bought 11,500 shares of company stock valued at $248,910 over the last quarter. 0.25% of the stock is currently owned by insiders.

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.