FS KKR Capital Corp. $FSK Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 40.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,950 shares of the company’s stock after selling 74,597 shares during the period. Stratos Wealth Partners LTD.’s holdings in FS KKR Capital were worth $1,642,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in FS KKR Capital by 0.7% during the second quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock worth $89,514,000 after buying an additional 28,619 shares in the last quarter. Generali Asset Management SPA SGR increased its holdings in FS KKR Capital by 2.5% in the third quarter. Generali Asset Management SPA SGR now owns 2,546,371 shares of the company’s stock valued at $38,017,000 after buying an additional 61,106 shares in the last quarter. Legal & General Group Plc raised its position in shares of FS KKR Capital by 3.2% in the second quarter. Legal & General Group Plc now owns 2,147,309 shares of the company’s stock worth $44,546,000 after acquiring an additional 66,943 shares during the period. CCLA Investment Management boosted its stake in shares of FS KKR Capital by 5.6% during the 3rd quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock worth $25,435,000 after acquiring an additional 90,167 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of FS KKR Capital by 6.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,137,986 shares of the company’s stock valued at $23,617,000 after acquiring an additional 67,785 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FSK has been the subject of a number of analyst reports. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Royal Bank Of Canada reduced their target price on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Friday, November 14th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Keefe, Bruyette & Woods reduced their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

FS KKR Capital Stock Down 0.9%

Shares of FSK opened at $13.34 on Friday. The stock has a 50 day moving average price of $14.40 and a 200 day moving average price of $15.70. FS KKR Capital Corp. has a one year low of $12.65 and a one year high of $24.10. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.75 and a beta of 0.84.

FS KKR Capital Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.