JPMorgan Chase & Co. Issues Pessimistic Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $13.00 to $9.50 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 5.80% from the stock’s previous close.

FSK has been the subject of a number of other research reports. Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. B. Riley Financial cut their price target on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd. Truist Financial decreased their price objective on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. Finally, Weiss Ratings downgraded FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $13.36.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $10.09 on Friday. The company has a market cap of $2.82 billion, a PE ratio of 336.17 and a beta of 0.86. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.31. FS KKR Capital has a 1 year low of $10.06 and a 1 year high of $22.68. The company’s 50-day moving average is $13.10 and its two-hundred day moving average is $14.73.

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

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Friday, February 27th. The shares were bought at an average cost of $11.25 per share, with a total value of $56,250.00. Following the completion of the transaction, the insider directly owned 64,800 shares in the company, valued at $729,000. This trade represents a 8.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of FS KKR Capital

Large investors have recently made changes to their positions in the company. Beacon Capital Management Inc. acquired a new position in FS KKR Capital in the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of FS KKR Capital during the fourth quarter worth about $26,000. Jessup Wealth Management Inc acquired a new stake in shares of FS KKR Capital during the fourth quarter worth about $26,000. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital during the 4th quarter valued at about $28,000. Finally, Eastern Bank lifted its holdings in shares of FS KKR Capital by 355.6% during the 3rd quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 1,561 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

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.