FS KKR Capital (NYSE:FSK) Price Target Cut to $11.00 by Analysts at Truist Financial

FS KKR Capital (NYSE:FSK) had its price target cut by equities research analysts at Truist Financial from $17.00 to $11.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective points to a potential upside of 0.36% from the company’s previous close.

Several other analysts also recently weighed in on FSK. Royal Bank Of Canada lowered their target price on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. B. Riley Financial lowered their price objective on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday. Zacks Research lowered FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Reduce” and an average target price of $14.14.

FS KKR Capital Price Performance

NYSE:FSK traded up $0.01 during trading hours on Wednesday, hitting $10.96. The stock had a trading volume of 1,552,850 shares, compared to its average volume of 3,417,943. The business has a 50 day simple moving average of $13.76 and a two-hundred day simple moving average of $15.12. FS KKR Capital has a 1-year low of $10.28 and a 1-year high of $22.95. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same quarter last year, the company posted $0.66 earnings per share. Analysts expect that FS KKR Capital will post 2.89 EPS for the current year.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average cost of $11.25 per share, with a total value of $56,250.00. Following the transaction, the insider owned 64,800 shares in the company, valued at approximately $729,000. The trade was a 8.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

Several institutional investors have recently added to or reduced their stakes in FSK. Alpine Global Management LLC boosted its holdings in shares of FS KKR Capital by 14.6% in the 4th quarter. Alpine Global Management LLC now owns 113,316 shares of the company’s stock valued at $1,678,000 after buying an additional 14,394 shares during the period. Titan Investment Management LLC bought a new position in FS KKR Capital in the fourth quarter worth about $1,863,000. Virtu Financial LLC boosted its stake in FS KKR Capital by 222.8% in the fourth quarter. Virtu Financial LLC now owns 69,781 shares of the company’s stock valued at $1,033,000 after acquiring an additional 48,162 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of FS KKR Capital by 13.7% during the fourth quarter. Sunbelt Securities Inc. now owns 59,903 shares of the company’s stock valued at $887,000 after purchasing an additional 7,203 shares during the last quarter. Finally, Jacobs Equity LLC bought a new position in shares of FS KKR Capital during the fourth quarter valued at approximately $313,000. Institutional investors own 36.26% of the company’s stock.

About FS KKR Capital

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.