Keefe, Bruyette & Woods Issues Pessimistic Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its target price reduced by analysts at Keefe, Bruyette & Woods from $18.50 to $18.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 16.05% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Royal Bank Of Canada dropped their price target on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 26th. JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a research note on Monday, October 6th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.67.

FS KKR Capital Trading Up 0.9%

NYSE FSK opened at $15.51 on Monday. The company has a fifty day moving average price of $15.60 and a 200-day moving average price of $18.69. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital has a 1 year low of $14.05 and a 1 year high of $24.10.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The company had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. During the same period last year, the firm earned $0.74 earnings per share. As a group, sell-side analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current year.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $15.15 per share, with a total value of $151,500.00. Following the completion of the acquisition, the insider owned 59,800 shares in the company, valued at $905,970. This trade represents a 20.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp purchased a new position in shares of FS KKR Capital in the second quarter worth $26,000. Beacon Capital Management Inc. bought a new stake in FS KKR Capital in the 2nd quarter worth $26,000. Flaharty Asset Management LLC bought a new stake in FS KKR Capital in the 1st quarter worth $29,000. Eastern Bank increased its position in shares of FS KKR Capital by 355.6% in the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 1,561 shares during the period. Finally, Trust Co. of Vermont raised its stake in shares of FS KKR Capital by 51.0% during the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after acquiring an additional 515 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.