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

FS KKR Capital (NYSE:FSK) had its price objective dropped by stock analysts at Keefe, Bruyette & Woods from $18.00 to $15.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 36.99% from the company’s current price.

FSK has been the topic of several other reports. Wells Fargo & Company decreased their price target on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Thursday, January 22nd. Royal Bank Of Canada decreased their target price on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday, February 27th. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Eight analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.67.

FS KKR Capital Stock Performance

FSK opened at $10.95 on Monday. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average price is $13.76 and its two-hundred day moving average price is $15.12. FS KKR Capital has a 12-month low of $10.28 and a 12-month high of $23.07.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. The business had revenue of $348.00 million during the quarter, compared to the consensus estimate of $361.59 million. During the same period in the prior year, the company posted $0.66 earnings per share. Sell-side analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.

Insider Activity

In related news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the transaction, the insider directly owned 64,800 shares of the company’s stock, valued at $729,000. This represents a 8.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FSK. CCLA Investment Management grew its holdings in FS KKR Capital by 5.6% during the 3rd quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock worth $25,435,000 after acquiring an additional 90,167 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of FS KKR Capital by 58.2% in the second quarter. Geneos Wealth Management Inc. now owns 559,345 shares of the company’s stock worth $11,606,000 after acquiring an additional 205,823 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of FS KKR Capital by 291.1% during the second quarter. Corient Private Wealth LLC now owns 48,324 shares of the company’s stock worth $1,003,000 after purchasing an additional 35,968 shares in the last quarter. AA Financial Advisors LLC grew its stake in shares of FS KKR Capital by 24.9% during the third quarter. AA Financial Advisors LLC now owns 185,859 shares of the company’s stock valued at $2,775,000 after purchasing an additional 37,001 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of FS KKR Capital by 19.1% in the second quarter. Franklin Resources Inc. now owns 539,022 shares of the company’s stock valued at $11,185,000 after purchasing an additional 86,456 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

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.