Stratos Wealth Partners LTD. Cuts Holdings in FS KKR Capital Corp. $FSK

Stratos Wealth Partners LTD. trimmed its stake in FS KKR Capital Corp. (NYSE:FSK) by 40.4% in 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 also recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its position in shares of FS KKR Capital by 3.4% during the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after buying an additional 720 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of FS KKR Capital by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after acquiring an additional 32,258 shares in the last quarter. Empowered Funds LLC raised its stake in shares of FS KKR Capital by 139.9% during the 1st quarter. Empowered Funds LLC now owns 26,744 shares of the company’s stock worth $560,000 after acquiring an additional 15,596 shares in the last quarter. Vista Finance LLC lifted its position in FS KKR Capital by 21.9% during the second quarter. Vista Finance LLC now owns 224,575 shares of the company’s stock valued at $4,660,000 after acquiring an additional 40,365 shares during the last quarter. Finally, Alpha Wealth Funds LLC boosted its stake in FS KKR Capital by 4.5% in the second quarter. Alpha Wealth Funds LLC now owns 57,574 shares of the company’s stock valued at $1,195,000 after acquiring an additional 2,480 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FSK shares. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 10th. Royal Bank Of Canada dropped their target price on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, November 14th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.50.

FS KKR Capital Stock Down 0.9%

FSK stock opened at $13.34 on Friday. The company has a market capitalization of $3.73 billion, a P/E ratio of 13.75 and a beta of 0.84. FS KKR Capital Corp. has a 12 month low of $12.65 and a 12 month high of $24.10. The firm’s fifty day simple moving average is $14.40 and its 200-day simple moving average is $15.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30.

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.