Almanack Investment Partners LLC. Sells 15,552 Shares of FS KKR Capital Corp. (NYSE:FSK)

Almanack Investment Partners LLC. decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 30.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,024 shares of the company's stock after selling 15,552 shares during the quarter. Almanack Investment Partners LLC.'s holdings in FS KKR Capital were worth $761,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Realta Investment Advisors bought a new position in FS KKR Capital in the 4th quarter worth about $245,000. Golden State Wealth Management LLC purchased a new stake in shares of FS KKR Capital in the 4th quarter valued at about $1,313,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of FS KKR Capital by 8.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 553,249 shares of the company's stock valued at $12,017,000 after acquiring an additional 41,932 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of FS KKR Capital by 2,029.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock valued at $6,593,000 after acquiring an additional 289,278 shares in the last quarter. Finally, Rik Saylor Financial Inc. purchased a new stake in shares of FS KKR Capital in the 4th quarter valued at about $4,287,000. Institutional investors own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

FSK has been the topic of several recent analyst reports. 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. raised 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. 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. Finally, Royal Bank of Canada raised their price objective 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. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.63.

Insider Buying and Selling

In related news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the transaction, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 11,500 shares of company stock worth $248,910 in the last ninety days. 0.25% of the stock is owned by insiders.

FS KKR Capital Price Performance

Shares of NYSE FSK traded up $0.21 during trading hours on Wednesday, reaching $23.37. 1,060,245 shares of the stock traded hands, compared to its average volume of 1,213,109. The company's 50-day simple moving average is $22.02 and its two-hundred day simple moving average is $20.89. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $23.47. The company has a market capitalization of $6.55 billion, a P/E ratio of 12.43 and a beta of 1.25.

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.