Focus Financial Network Inc. Cuts Holdings in FS KKR Capital Corp. (NYSE:FSK)

Focus Financial Network Inc. trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 14.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,575 shares of the company’s stock after selling 3,256 shares during the period. Focus Financial Network Inc.’s holdings in FS KKR Capital were worth $403,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Wescott Financial Advisory Group LLC boosted its stake in FS KKR Capital by 2.9% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after purchasing an additional 600 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after buying an additional 675 shares during the period. Wagner Wealth Management LLC lifted its holdings in shares of FS KKR Capital by 6.4% during the 4th quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock valued at $245,000 after buying an additional 679 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of FS KKR Capital by 5.0% during the 4th quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company’s stock valued at $321,000 after buying an additional 689 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in shares of FS KKR Capital by 1.9% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 49,985 shares of the company’s stock valued at $1,086,000 after buying an additional 919 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have purchased 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by company insiders.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $23.38 on Friday. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $23.47. The stock’s fifty day moving average is $22.06 and its 200 day moving average is $20.91. The stock has a market cap of $6.55 billion, a P/E ratio of 12.43 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

Wall Street Analysts Forecast Growth

FSK has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and a consensus price target of $20.63.

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.