FS KKR Capital (NYSE:FSK) Rating Lowered to “Sell” at Wall Street Zen

FS KKR Capital (NYSE:FSK) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

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

FS KKR Capital Stock Up 1.4%

Shares of NYSE:FSK opened at $15.26 on Friday. FS KKR Capital has a 12 month low of $14.05 and a 12 month high of $24.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40. The company’s fifty day simple moving average is $16.26 and its 200 day simple moving average is $19.05.

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

Institutional Trading of FS KKR Capital

A number of large investors have recently added to or reduced their stakes in FSK. Goldman Sachs Group Inc. grew its position in shares of FS KKR Capital by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock valued at $5,612,000 after acquiring an additional 32,258 shares during the period. Legacy Capital Group California Inc. lifted its stake in FS KKR Capital by 14.2% in the 2nd quarter. Legacy Capital Group California Inc. now owns 199,187 shares of the company’s stock valued at $4,133,000 after purchasing an additional 24,758 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in FS KKR Capital by 35.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock worth $607,000 after purchasing an additional 7,620 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in FS KKR Capital during the first quarter worth approximately $6,383,000. Finally, Oppenheimer & Co. Inc. raised its stake in FS KKR Capital by 5.9% in the first quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock valued at $356,000 after buying an additional 945 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

About FS KKR Capital

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.