Truist Financial Lowers FS KKR Capital (NYSE:FSK) Price Target to $11.00

FS KKR Capital (NYSE:FSK) had its price objective decreased by analysts at Truist Financial from $17.00 to $11.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 0.55% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. B. Riley Financial reduced their target price on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday. Royal Bank Of Canada reduced their price objective on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, February 27th. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating for the company in a research note on Monday. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, FS KKR Capital currently has an average rating of “Reduce” and an average price target of $14.14.

FS KKR Capital Stock Down 0.6%

FSK stock opened at $10.94 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05. FS KKR Capital has a 12 month low of $10.28 and a 12 month high of $22.95. The company’s 50-day moving average price is $13.62 and its two-hundred day moving average price is $15.06.

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

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was purchased at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the transaction, the insider owned 64,800 shares in the company, valued at $729,000. The trade was a 8.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of FS KKR Capital

A number of institutional investors and hedge funds have recently bought and sold shares of FSK. CCLA Investment Management lifted 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 buying an additional 90,167 shares during the period. Geneos Wealth Management Inc. raised its position in shares of FS KKR Capital by 58.2% during 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. AA Financial Advisors LLC lifted its stake in shares of FS KKR Capital by 24.9% in the third quarter. AA Financial Advisors LLC now owns 185,859 shares of the company’s stock worth $2,775,000 after acquiring an additional 37,001 shares during the period. Corient Private Wealth LLC boosted its holdings in FS KKR Capital by 291.1% in the second quarter. Corient Private Wealth LLC now owns 48,324 shares of the company’s stock valued at $1,003,000 after acquiring an additional 35,968 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in FS KKR Capital by 19.1% during the 2nd 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 during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

About FS KKR Capital

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.