FS KKR Capital (NYSE:FSK) Announces Earnings Results, Misses Expectations By $0.03 EPS

FS KKR Capital (NYSE:FSK) issued its quarterly earnings results on Wednesday. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03), FiscalAI reports. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%.

FS KKR Capital Trading Up 1.7%

FSK stock traded up $0.22 during mid-day trading on Wednesday, reaching $13.34. 2,998,741 shares of the company traded hands, compared to its average volume of 2,594,410. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s 50 day moving average price is $14.09 and its 200 day moving average price is $15.34. FS KKR Capital has a fifty-two week low of $12.65 and a fifty-two week high of $23.84.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Royal Bank Of Canada lowered their price target on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, November 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FSK. Bison Wealth LLC lifted its holdings in FS KKR Capital by 3.4% during the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after purchasing an additional 720 shares during the last quarter. Inceptionr LLC purchased a new stake in shares of FS KKR Capital during the 4th quarter valued at approximately $471,000. Guggenheim Capital LLC grew its stake in FS KKR Capital by 8.5% in the 4th quarter. Guggenheim Capital LLC now owns 32,399 shares of the company’s stock valued at $480,000 after buying an additional 2,544 shares in the last quarter. HUB Investment Partners LLC bought a new stake in FS KKR Capital during the 2nd quarter valued at $482,000. Finally, NorthRock Partners LLC purchased a new stake in shares of FS KKR Capital during the third quarter worth $502,000. 36.26% of the stock is owned by institutional investors.

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.