FS KKR Capital’s (FSK) Hold (C-) Rating Reaffirmed at Weiss Ratings

FS KKR Capital (NYSE:FSK)‘s stock had its “hold (c-)” rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

FSK has been the topic of several other research reports. Zacks Research upgraded shares of FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. lowered their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Royal Bank Of Canada lowered their price objective on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock in a research note on Monday. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $17.75.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $14.45 on Wednesday. The firm’s 50-day moving average price is $17.22 and its 200-day moving average price is $19.51. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital has a 52-week low of $14.28 and a 52-week high of $24.10.

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

Institutional Investors Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bison Wealth LLC raised its position in shares of 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 buying an additional 720 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of FS KKR Capital by 9.4% during the first quarter. Farther Finance Advisors LLC now owns 18,601 shares of the company’s stock valued at $397,000 after buying an additional 1,603 shares during the last quarter. CX Institutional bought a new stake in shares of FS KKR Capital during the first quarter valued at approximately $156,000. GPS Wealth Strategies Group LLC raised its position in shares of FS KKR Capital by 19.7% during the first quarter. GPS Wealth Strategies Group LLC now owns 44,126 shares of the company’s stock valued at $924,000 after buying an additional 7,262 shares during the last quarter. Finally, GraniteShares Advisors LLC raised its position in shares of FS KKR Capital by 6.5% during the first quarter. GraniteShares Advisors LLC now owns 120,590 shares of the company’s stock valued at $2,526,000 after buying an additional 7,310 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

About FS KKR Capital

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.