FS KKR Capital (NYSE:FSK) Rating Lowered to Strong Sell at Zacks Research

FS KKR Capital (NYSE:FSK) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also commented on FSK. Royal Bank Of Canada cut their price objective on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Keefe, Bruyette & Woods dropped their target price on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Wells Fargo & Company upgraded 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 note on Monday, October 6th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, FS KKR Capital presently has a consensus rating of “Reduce” and a consensus price target of $17.67.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $15.63 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s 50-day moving average is $15.55 and its 200-day moving average is $18.67. FS KKR Capital has a one year low of $14.05 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The business had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. During the same quarter last year, the firm earned $0.74 EPS. Research analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current year.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 10,000 shares of FS KKR Capital stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $15.15 per share, for a total transaction of $151,500.00. Following the completion of the purchase, the insider directly owned 59,800 shares of the company’s stock, valued at approximately $905,970. This represents a 20.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael C. Forman bought 10,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was purchased at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the completion of the acquisition, the chief executive officer owned 24,220 shares in the company, valued at approximately $375,410. This trade represents a 70.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 20,330 shares of company stock worth $312,480. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp bought a new position in shares of FS KKR Capital in the 2nd quarter valued at $26,000. Beacon Capital Management Inc. acquired a new stake in FS KKR Capital in the second quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in FS KKR Capital in the first quarter valued at about $29,000. Eastern Bank grew its position in FS KKR Capital by 355.6% in the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 1,561 shares during the last quarter. Finally, Trust Co. of Vermont raised its stake in FS KKR Capital by 51.0% during the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after acquiring an additional 515 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

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.