FS KKR Capital (NYSE:FSK) Raised to “Hold” at Zacks Research

FS KKR Capital (NYSE:FSK) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on FSK. Wells Fargo & Company lowered their price target on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Keefe, Bruyette & Woods cut their price target on shares of FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a report on Wednesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Finally, Capital One Financial set a $12.00 target price on FS KKR Capital in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $11.21.

FS KKR Capital Trading Down 0.5%

NYSE:FSK opened at $12.19 on Tuesday. FS KKR Capital has a 1 year low of $9.72 and a 1 year high of $18.25. The stock’s fifty day moving average price is $10.83 and its two-hundred day moving average price is $11.19. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market cap of $3.37 billion, a P/E ratio of -9.03 and a beta of 0.83.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $290.00 million during the quarter, compared to analysts’ expectations of $286.75 million. FS KKR Capital had a positive return on equity of 9.43% and a negative net margin of 28.52%.During the same period in the previous year, the business earned ($0.75) earnings per share. As a group, analysts expect that FS KKR Capital will post 1.64 EPS for the current year.

Institutional Trading of FS KKR Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bison Wealth LLC boosted its stake in shares of FS KKR Capital by 3.4% in the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after purchasing an additional 720 shares in the last quarter. Goldman Sachs Group Inc. raised its position in FS KKR Capital by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after purchasing an additional 32,258 shares during the period. Empowered Funds LLC raised its position in FS KKR Capital by 139.9% in the 1st quarter. Empowered Funds LLC now owns 26,744 shares of the company’s stock worth $560,000 after purchasing an additional 15,596 shares during the period. Marshall Wace LLP bought a new stake in FS KKR Capital in the second quarter worth $1,806,000. Finally, Nebula Research & Development LLC lifted its stake in FS KKR Capital by 83.1% in the second quarter. Nebula Research & Development LLC now owns 20,236 shares of the company’s stock worth $420,000 after purchasing an additional 9,183 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.