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

Stratos Wealth Partners LTD. boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,547 shares of the company’s stock after purchasing an additional 5,932 shares during the quarter. Stratos Wealth Partners LTD. owned about 0.07% of FS KKR Capital worth $3,829,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rik Saylor Financial Inc. grew its position in shares of FS KKR Capital by 0.4% during the 2nd quarter. Rik Saylor Financial Inc. now owns 192,706 shares of the company’s stock worth $3,999,000 after buying an additional 829 shares in the last quarter. Generali Asset Management SPA SGR raised its holdings in shares of FS KKR Capital by 21.7% in the second quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock valued at $51,569,000 after acquiring an additional 442,374 shares in the last quarter. Harbour Investments Inc. lifted its stake in FS KKR Capital by 3.9% in the second quarter. Harbour Investments Inc. now owns 457,060 shares of the company’s stock worth $9,484,000 after acquiring an additional 16,997 shares during the period. RFG Advisory LLC grew its holdings in FS KKR Capital by 37.5% during the 2nd quarter. RFG Advisory LLC now owns 84,695 shares of the company’s stock worth $1,757,000 after acquiring an additional 23,090 shares in the last quarter. Finally, Naviter Wealth LLC grew its holdings in FS KKR Capital by 5.7% during the 2nd quarter. Naviter Wealth LLC now owns 245,587 shares of the company’s stock worth $5,253,000 after acquiring an additional 13,239 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Trading Up 0.4%

FS KKR Capital stock opened at $14.82 on Friday. The business has a fifty day moving average price of $16.51 and a 200-day moving average price of $19.18. FS KKR Capital Corp. has a 1-year low of $14.05 and a 1-year high of $24.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The business had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same quarter last year, the business posted $0.75 earnings per share. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 17.3%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s payout ratio is currently 328.21%.

Wall Street Analyst Weigh In

FSK has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods dropped their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company raised FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target for the company in a research report on Monday, October 6th. Royal Bank Of Canada decreased their price objective on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.75.

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.