FS KKR Capital Corp. (NYSE:FSK) Given Average Recommendation of “Hold” by Brokerages

Shares of FS KKR Capital Corp. (NYSE:FSK) have been assigned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $17.50.

A number of research firms recently commented on FSK. Royal Bank Of Canada lowered their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman purchased 10,000 shares of the company’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 completion of the acquisition, the chief executive officer owned 24,220 shares of the company’s stock, valued at $375,410. The trade was a 70.32% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of FS KKR Capital by 55,074.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,741,004 shares of the company’s stock valued at $114,644,000 after buying an additional 7,726,974 shares during the period. Commonwealth Equity Services LLC increased its holdings in FS KKR Capital by 0.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock worth $89,514,000 after acquiring an additional 28,619 shares during the last quarter. Van ECK Associates Corp raised its stake in FS KKR Capital by 23.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock valued at $59,566,000 after acquiring an additional 752,956 shares during the period. UBS Group AG boosted its position in FS KKR Capital by 15.3% during the fourth quarter. UBS Group AG now owns 3,806,076 shares of the company’s stock worth $56,368,000 after purchasing an additional 505,982 shares during the period. Finally, Generali Asset Management SPA SGR boosted its position in FS KKR Capital by 2.5% during the third quarter. Generali Asset Management SPA SGR now owns 2,546,371 shares of the company’s stock worth $38,017,000 after purchasing an additional 61,106 shares during the period. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Price Performance

NYSE:FSK opened at $12.88 on Friday. 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 has a one year low of $12.65 and a one year high of $24.10. The firm has a 50-day moving average of $14.62 and a 200-day moving average of $16.00.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $373.00 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.74 EPS. As a group, analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.