FS KKR Capital (NYSE:FSK) Upgraded at Wall Street Zen

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

FSK has been the subject of a number of other research reports. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price for the company in a research note on Monday, October 6th. JPMorgan Chase & Co. decreased their price target 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, Zacks Research cut FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $17.50.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $15.62 on Friday. The stock has a fifty day moving average price of $15.46 and a two-hundred day moving average price of $18.62. FS KKR Capital has a 52-week low of $14.05 and a 52-week high of $24.10. 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 (NYSE:FSK) last posted its earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, equities research analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current year.

Insider Activity

In other news, CEO Michael C. Forman acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the completion of the transaction, the chief executive officer directly owned 24,220 shares in the company, valued at $375,410. This trade represents a 70.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Pietrzak acquired 10,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $15.15 per share, with a total value of $151,500.00. Following the completion of the acquisition, the insider directly owned 59,800 shares in the company, valued at approximately $905,970. The trade was a 20.08% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 20,330 shares of company stock worth $312,480. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of FS KKR Capital in the 2nd quarter valued at approximately $26,000. Beacon Capital Management Inc. bought a new stake in FS KKR Capital in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in FS KKR Capital in the first quarter worth $29,000. Eastern Bank boosted its position in shares of FS KKR Capital by 355.6% during the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Trust Co. of Vermont boosted its position 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 worth $32,000 after purchasing an additional 515 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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.