WealthPLAN Partners LLC Decreases Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Posted by Thomas Dobrow on Feb 23rd, 2021 // Comments off

FS KKR Capital logo WealthPLAN Partners LLC cut its position in FS KKR Capital Corp. (NYSE:FSK) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 269,396 shares of the company’s stock after selling 24,380 shares during the quarter. WealthPLAN Partners LLC owned 0.22% of FS KKR Capital worth $4,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FSK. LSV Asset Management boosted its stake in FS KKR Capital by 2.7% during the 3rd quarter. LSV Asset Management now owns 1,873,755 shares of the company’s stock valued at $29,717,000 after acquiring an additional 49,650 shares during the last quarter. Rowland Carmichael Advisors Inc. ADV boosted its stake in FS KKR Capital by 29.0% during the 3rd quarter. Rowland Carmichael Advisors Inc. ADV now owns 26,723 shares of the company’s stock valued at $424,000 after acquiring an additional 6,000 shares during the last quarter. Beach Point Capital Management LP boosted its stake in FS KKR Capital by 5.6% during the 3rd quarter. Beach Point Capital Management LP now owns 4,286,242 shares of the company’s stock valued at $67,980,000 after acquiring an additional 225,582 shares during the last quarter. Claybrook Capital LLC boosted its stake in FS KKR Capital by 20.6% during the 3rd quarter. Claybrook Capital LLC now owns 31,584 shares of the company’s stock valued at $501,000 after acquiring an additional 5,400 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in FS KKR Capital by 367.5% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 57,245 shares of the company’s stock valued at $855,000 after acquiring an additional 45,001 shares during the last quarter. Hedge funds and other institutional investors own 29.43% of the company’s stock.

Shares of FSK traded down $0.11 during midday trading on Tuesday, hitting $18.65. The stock had a trading volume of 15,441 shares, compared to its average volume of 504,979. FS KKR Capital Corp. has a fifty-two week low of $7.60 and a fifty-two week high of $24.72. The business has a 50-day simple moving average of $17.73 and a two-hundred day simple moving average of $16.76. The firm has a market cap of $2.31 billion, a P/E ratio of -4.13 and a beta of 1.59. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 1.31.

FSK has been the topic of a number of research reports. Zacks Investment Research cut shares of FS KKR Capital from a “buy” rating to a “hold” rating in a report on Monday, January 11th. Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and set a $15.50 target price on the stock. in a report on Thursday, November 12th. Finally, Raymond James cut shares of FS KKR Capital from an “outperform” rating to a “market perform” rating in a report on Monday, December 7th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.38.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

WealthPLAN Partners LLC Decreases Stock Position in FS KKR Capital Corp. (NYSE:FSK)

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