Carnegie Lake Advisors LLC Reduces Position in FS KKR Capital Corp. (NYSE:FSK)

Carnegie Lake Advisors LLC trimmed its position in FS KKR Capital Corp. (NYSE:FSK) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,250 shares of the company’s stock after selling 1,000 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in FS KKR Capital were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fountainhead AM LLC grew its holdings in FS KKR Capital by 9.8% in the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after acquiring an additional 71,644 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of FS KKR Capital by 86.3% in the fourth 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 during the last quarter. Advisors Asset Management Inc. increased its holdings in FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after purchasing an additional 39,086 shares during the period. Graypoint LLC raised 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 purchasing an additional 26,174 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after buying an additional 3,012,711 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Brian Gerson acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of $22.08 per share, with a total value of $110,400.00. Following the transaction, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. This represents a 49.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 11,500 shares of company stock worth $248,910. Insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Down 0.5 %

Shares of NYSE FSK opened at $23.12 on Tuesday. The stock has a market cap of $6.47 billion, a P/E ratio of 12.30 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. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $23.47. The firm has a 50-day moving average of $21.97 and a 200 day moving average of $20.85.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FSK. Royal Bank of Canada boosted their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. boosted their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.