FS KKR Capital (NYSE:FSK) Price Target Cut to $21.00

FS KKR Capital (NYSE:FSKGet Rating) had its price objective decreased by investment analysts at Wells Fargo & Company from $21.50 to $21.00 in a report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 5.11% from the company’s previous close.

Separately, Zacks Investment Research raised shares of FS KKR Capital from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, March 3rd.

Shares of FSK stock opened at $22.13 on Monday. FS KKR Capital has a one year low of $19.71 and a one year high of $23.44. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.15 and a current ratio of 3.15. The company has a 50 day moving average price of $22.48 and a 200 day moving average price of $21.96. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 2.47 and a beta of 1.44.

In related news, Director Brian R. Ford bought 2,500 shares of the stock in a transaction on Wednesday, March 2nd. The shares were purchased at an average price of $23.12 per share, with a total value of $57,800.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Gerson bought 4,642 shares of the stock in a transaction on Monday, March 14th. The shares were bought at an average cost of $22.60 per share, for a total transaction of $104,909.20. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 7,592 shares of company stock worth $172,528. 0.18% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FSK. Kohlberg Kravis Roberts & Co. L.P. grew its stake in shares of FS KKR Capital by 34.2% in the 4th quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 16,626,480 shares of the company’s stock worth $348,158,000 after purchasing an additional 4,239,454 shares during the last quarter. Black Diamond Capital Management L.L.C. acquired a new position in shares of FS KKR Capital in the 4th quarter worth approximately $39,247,000. Beach Point Capital Management LP grew its stake in shares of FS KKR Capital by 35.7% in the 4th quarter. Beach Point Capital Management LP now owns 6,060,592 shares of the company’s stock worth $126,909,000 after purchasing an additional 1,594,781 shares during the last quarter. BlackRock Inc. grew its stake in shares of FS KKR Capital by 127.8% in the 3rd quarter. BlackRock Inc. now owns 1,726,449 shares of the company’s stock worth $38,051,000 after purchasing an additional 968,566 shares during the last quarter. Finally, Paradigm Financial Partners LLC grew its stake in shares of FS KKR Capital by 589.7% in the 4th quarter. Paradigm Financial Partners LLC now owns 1,069,473 shares of the company’s stock worth $23,988,000 after purchasing an additional 914,407 shares during the last quarter. 32.30% of the stock is currently owned by institutional investors.

FS KKR Capital Company Profile (Get Rating)

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments.

Further Reading

Receive News & Ratings for FS KKR Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS KKR Capital and related companies with MarketBeat.com's FREE daily email newsletter.