Royal Bank Of Canada Cuts FS KKR Capital (NYSE:FSK) Price Target to $17.00

FS KKR Capital (NYSE:FSK) had its price target dropped by Royal Bank Of Canada from $18.00 to $17.00 in a report released on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 9.22% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Keefe, Bruyette & Woods lowered 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. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price for the company in a research note on Monday, October 6th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Finally, Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, FS KKR Capital currently has a consensus rating of “Reduce” and a consensus target price of $17.50.

FS KKR Capital Price Performance

Shares of FSK traded down $0.02 during mid-day trading on Friday, hitting $15.57. The company’s stock had a trading volume of 406,373 shares, compared to its average volume of 1,978,536. The stock’s 50-day moving average is $15.51 and its two-hundred day moving average is $18.65. 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 has a one year low of $14.05 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $373.00 million during the quarter, compared to analysts’ expectations of $374.89 million. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. During the same period in the prior year, the company earned $0.74 EPS. Sell-side analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current year.

Insider Transactions at FS KKR Capital

In other news, CEO Michael C. Forman acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was bought at an average price of $15.50 per share, with a total value 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 represents a 70.32% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel Pietrzak bought 10,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $15.15 per share, with a total value of $151,500.00. Following the purchase, the insider directly owned 59,800 shares of the company’s stock, valued at $905,970. The trade was a 20.08% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 20,330 shares of company stock valued at $312,480 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of FSK. Beacon Capital Management Inc. bought a new position in FS KKR Capital in the 2nd quarter valued at $26,000. Atlantic Union Bankshares Corp acquired a new stake in shares of FS KKR Capital in the second quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in shares of FS KKR Capital in the first quarter valued at $29,000. Trust Co. of Vermont raised its holdings in shares of FS KKR Capital by 51.0% in the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after buying an additional 515 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in FS KKR Capital during the 1st quarter worth about $34,000. 36.26% of the stock is owned by institutional investors and hedge funds.

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.