Brokerages Set FS KKR Capital Corp. (NYSE:FSK) Target Price at $10.58

Shares of FS KKR Capital Corp. (NYSE:FSK) have been assigned a consensus recommendation of “Reduce” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.5833.

Several analysts have recently commented on FSK shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 price target on shares of FS KKR Capital in a research report on Tuesday, May 12th. Zacks Research downgraded FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of FS KKR Capital in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company dropped their price target on FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $11.42 on Friday. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of -5.80 and a beta of 0.83. FS KKR Capital has a 52 week low of $9.72 and a 52 week high of $20.41. The company’s 50-day moving average price is $10.70 and its 200 day moving average price is $11.30. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.38.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Monday, May 11th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. The business had revenue of $304.00 million for the quarter, compared to analysts’ expectations of $316.81 million. During the same quarter last year, the business posted $0.65 earnings per share. The business’s revenue was down 24.0% compared to the same quarter last year. As a group, research analysts forecast that FS KKR Capital will post 1.64 earnings per share for the current fiscal year.

Institutional Trading of FS KKR Capital

A number of large investors have recently made changes to their positions in the stock. Bison Wealth LLC raised its stake in 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 during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of FS KKR Capital by 13.7% during 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 last quarter. Empowered Funds LLC boosted its stake in shares of FS KKR Capital by 139.9% during 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 last quarter. Marshall Wace LLP purchased a new stake in shares of FS KKR Capital during the second quarter worth about $1,806,000. Finally, Nebula Research & Development LLC grew its holdings in shares of FS KKR Capital by 83.1% during the second quarter. Nebula Research & Development LLC now owns 20,236 shares of the company’s stock worth $420,000 after buying an additional 9,183 shares in the last quarter. Institutional investors and hedge funds 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.