Activest Wealth Management Sells 1,437 Shares of FS KKR Capital Corp. (NYSE:FSK)

Activest Wealth Management trimmed its stake in FS KKR Capital Corp. (NYSE:FSK) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,394 shares of the company’s stock after selling 1,437 shares during the period. Activest Wealth Management’s holdings in FS KKR Capital were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. 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 grew its stake in FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after buying an additional 104,016 shares during the last quarter. Advisors Asset Management Inc. increased its position 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 buying an additional 39,086 shares in the last quarter. Graypoint LLC raised its stake in FS KKR Capital by 23.1% in the fourth 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 during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target 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. 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. Finally, 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 report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.63.

Insiders Place Their Bets

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. In the last three months, insiders have purchased 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Up 0.4 %

Shares of FS KKR Capital stock opened at $23.23 on Monday. The stock has a market cap of $6.50 billion, a PE ratio of 12.35 and a beta of 1.25. The firm has a fifty day moving average price of $21.97 and a 200 day moving average price of $20.85. 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 current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital Company 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.