FS KKR Capital (NYSE:FSK) Cut to Sell at Wall Street Zen

FS KKR Capital (NYSE:FSK) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada decreased their target price on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. JPMorgan Chase & Co. decreased their target price on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company decreased their target price on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday. B. Riley began coverage on FS KKR Capital in a report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 target price on the stock. Finally, Oppenheimer decreased their target price on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.00.

FS KKR Capital Trading Down 3.6%

Shares of FSK stock opened at $17.91 on Friday. The stock’s fifty day moving average is $21.13 and its 200-day moving average is $21.26. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.09 and a current ratio of 2.40. FS KKR Capital has a 52 week low of $17.42 and a 52 week high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). The business had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, sell-side analysts forecast that FS KKR Capital will post 2.89 EPS for the current year.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in FS KKR Capital in the fourth quarter valued at about $6,499,000. Bessemer Group Inc. acquired a new position in FS KKR Capital in the fourth quarter valued at about $4,871,000. Jaffetilchin Investment Partners LLC lifted its stake in FS KKR Capital by 123.8% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 17,377 shares of the company’s stock valued at $377,000 after buying an additional 9,614 shares during the period. Townsquare Capital LLC lifted its stake in FS KKR Capital by 5.0% in the fourth quarter. Townsquare Capital LLC now owns 79,828 shares of the company’s stock valued at $1,734,000 after buying an additional 3,784 shares during the period. Finally, RE Dickinson Investment Advisors LLC lifted its stake in FS KKR Capital by 16.5% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 4,847 shares of the company’s stock valued at $105,000 after buying an additional 686 shares during the period. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Company Profile

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.