Stratos Wealth Partners LTD. Sells 22,533 Shares of FS KKR Capital Corp. (NYSE:FSK)

Stratos Wealth Partners LTD. lessened its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 178,615 shares of the company's stock after selling 22,533 shares during the quarter. Stratos Wealth Partners LTD. owned 0.06% of FS KKR Capital worth $3,742,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Generali Asset Management SPA SGR purchased a new stake in shares of FS KKR Capital during the 4th quarter valued at about $17,608,000. Kingswood Wealth Advisors LLC boosted its holdings in shares of FS KKR Capital by 250.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 788,025 shares of the company's stock worth $16,831,000 after buying an additional 563,432 shares during the last quarter. Transce3nd LLC bought a new stake in FS KKR Capital during the fourth quarter valued at approximately $11,173,000. Raymond James Financial Inc. purchased a new stake in FS KKR Capital during the fourth quarter valued at approximately $6,499,000. Finally, Bessemer Group Inc. purchased a new stake in FS KKR Capital during the fourth quarter valued at approximately $4,871,000. Institutional investors own 36.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Oppenheimer cut their price target on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a report on Friday, May 9th. B. Riley initiated coverage on FS KKR Capital in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.50.

FS KKR Capital Price Performance

FS KKR Capital stock traded up $0.20 during mid-day trading on Friday, hitting $21.79. The stock had a trading volume of 902,238 shares, compared to its average volume of 1,463,992. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.22. The firm's 50 day moving average is $20.92 and its 200 day moving average is $21.33.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. FS KKR Capital had a return on equity of 11.78% and a net margin of 31.53%. The business had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. During the same period in the previous year, the business earned $0.62 earnings per share. The business's revenue was down 7.8% on a year-over-year basis. On average, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were paid a $0.64 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $2.56 annualized dividend and a yield of 11.75%. FS KKR Capital's payout ratio is 134.74%.

FS KKR Capital 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.