FS KKR Capital Corp. (NYSE:FSK) Shares Sold by GraniteShares Advisors LLC

GraniteShares Advisors LLC trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,280 shares of the company’s stock after selling 1,516 shares during the quarter. GraniteShares Advisors LLC’s holdings in FS KKR Capital were worth $2,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FSK. Creative Planning increased its stake in shares of FS KKR Capital by 1.1% during the third quarter. Creative Planning now owns 97,849 shares of the company’s stock worth $1,931,000 after acquiring an additional 1,041 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in shares of FS KKR Capital by 6.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 31,562 shares of the company’s stock worth $623,000 after acquiring an additional 1,854 shares during the period. Tyche Wealth Partners LLC acquired a new position in shares of FS KKR Capital during the third quarter worth about $250,000. Andina Capital Management LLC increased its stake in shares of FS KKR Capital by 8.0% during the third quarter. Andina Capital Management LLC now owns 92,210 shares of the company’s stock worth $1,819,000 after acquiring an additional 6,796 shares during the period. Finally, Financial Advocates Investment Management increased its stake in shares of FS KKR Capital by 21.9% during the third quarter. Financial Advocates Investment Management now owns 12,362 shares of the company’s stock worth $244,000 after acquiring an additional 2,223 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have bought 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FSK shares. 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. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. JPMorgan Chase & Co. boosted their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada boosted 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. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.63.

FS KKR Capital Stock Performance

Shares of FSK opened at $23.38 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.44 and a beta of 1.25. The company’s 50 day simple moving average is $22.43 and its 200 day simple moving average is $21.15. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $24.10.

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.