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

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

FSK has been the topic of several other reports. Royal Bank Of Canada cut their price objective on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, November 14th. Wells Fargo & Company upgraded 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. reduced 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 restated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $17.50.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $16.25 on Friday. FS KKR Capital has a fifty-two week low of $14.05 and a fifty-two week high of $24.10. The stock’s fifty day moving average is $15.18 and its two-hundred day moving average is $18.31. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $373.00 million for the quarter, compared to the consensus estimate 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 posted $0.74 earnings per share. Sell-side analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Insider Activity

In other news, insider Daniel Pietrzak bought 10,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $15.15 per share, with a total value of $151,500.00. Following the transaction, the insider directly owned 59,800 shares in the company, valued at approximately $905,970. This trade represents a 20.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael C. Forman acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the transaction, the chief executive officer owned 24,220 shares of the company’s stock, valued at approximately $375,410. This represents a 70.32% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 20,330 shares of company stock valued at $312,480. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont lifted its position in FS KKR Capital by 51.0% in 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 during the period. CFO4Life Group LLC lifted its holdings in shares of FS KKR Capital by 3.0% during the 2nd quarter. CFO4Life Group LLC now owns 20,081 shares of the company’s stock worth $417,000 after acquiring an additional 578 shares during the period. West Michigan Advisors LLC lifted its holdings in shares of FS KKR Capital by 1.5% during the 2nd quarter. West Michigan Advisors LLC now owns 41,194 shares of the company’s stock worth $884,000 after acquiring an additional 591 shares during the period. Transce3nd LLC increased its stake in FS KKR Capital by 3.5% in the second quarter. Transce3nd LLC now owns 17,426 shares of the company’s stock valued at $362,000 after acquiring an additional 591 shares during the period. Finally, Wescott Financial Advisory Group LLC increased its stake in FS KKR Capital by 2.8% in the second quarter. Wescott Financial Advisory Group LLC now owns 22,949 shares of the company’s stock valued at $476,000 after acquiring an additional 615 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.