FS KKR Capital Corp. (NYSE:FSK) Receives Average Rating of “Hold” from Brokerages

FS KKR Capital Corp. (NYSE:FSK) has been given an average recommendation of “Hold” by the eight analysts that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $17.50.

Several research firms have issued reports on FSK. 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 cut their target price on shares of 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. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Finally, Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 28th.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $12.88 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital has a fifty-two week low of $12.65 and a fifty-two week high of $24.10. The stock has a fifty day moving average of $14.62 and a 200-day moving average of $16.00.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 return on equity of 5.63% and a net margin of 17.24%.During the same quarter in the prior year, the firm posted $0.74 EPS. Sell-side analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman acquired 10,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the acquisition, the chief executive officer owned 24,220 shares in the company, valued at $375,410. The trade was a 70.32% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

A number of large investors have recently added to or reduced their stakes in FSK. Northwestern Mutual Wealth Management Co. lifted its stake in 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 worth $114,644,000 after purchasing an additional 7,726,974 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of 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 valued at $89,514,000 after acquiring an additional 28,619 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of 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 last quarter. UBS Group AG boosted its holdings in FS KKR Capital by 15.3% during the 4th quarter. UBS Group AG now owns 3,806,076 shares of the company’s stock valued at $56,368,000 after acquiring an additional 505,982 shares during the period. Finally, Generali Asset Management SPA SGR grew its position in FS KKR Capital by 2.5% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,546,371 shares of the company’s stock worth $38,017,000 after acquiring an additional 61,106 shares during the last quarter. Hedge funds and other 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.