Adapt Wealth Advisors LLC Invests $2.68 Million in FS KKR Capital Corp. $FSK

Adapt Wealth Advisors LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 179,678 shares of the company’s stock, valued at approximately $2,683,000. FS KKR Capital makes up approximately 1.0% of Adapt Wealth Advisors LLC’s holdings, making the stock its 24th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Siligmueller & Norvid Wealth Advisors LLC purchased a new stake in shares of FS KKR Capital during the third quarter worth about $2,378,000. Lion Street Advisors LLC purchased a new stake in FS KKR Capital during the 3rd quarter worth approximately $272,000. Kovack Advisors Inc. grew its position in FS KKR Capital by 87.7% during the 3rd quarter. Kovack Advisors Inc. now owns 206,804 shares of the company’s stock worth $3,088,000 after purchasing an additional 96,609 shares during the last quarter. Condor Capital Management increased its stake in FS KKR Capital by 3.0% during the 3rd quarter. Condor Capital Management now owns 58,451 shares of the company’s stock valued at $873,000 after purchasing an additional 1,725 shares in the last quarter. Finally, Wealthcare Capital Partners LLC raised its holdings in shares of FS KKR Capital by 33.8% in the third quarter. Wealthcare Capital Partners LLC now owns 31,620 shares of the company’s stock worth $472,000 after buying an additional 7,979 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FS KKR Capital Stock Down 1.4%

FS KKR Capital stock opened at $12.98 on Friday. The business’s 50-day moving average price is $14.17 and its 200 day moving average price is $15.44. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 52 week low of $12.65 and a 52 week high of $23.84.

FS KKR Capital Company 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.