B. Riley Financial Has Lowered Expectations for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price target cut by analysts at B. Riley Financial from $17.50 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. B. Riley Financial’s target price points to a potential downside of 0.18% from the stock’s previous close.

A number of other brokerages have also recently weighed in on FSK. Royal Bank Of Canada reduced their price target on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, February 27th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. Keefe, Bruyette & Woods decreased 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 report on Monday. 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 cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, FS KKR Capital has a consensus rating of “Reduce” and an average price target of $14.14.

FS KKR Capital Price Performance

NYSE FSK opened at $11.02 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05. The company has a 50 day simple moving average of $13.69 and a 200-day simple moving average of $15.09. FS KKR Capital has a 52-week low of $10.28 and a 52-week high of $22.95.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $361.59 million. During the same period in the previous year, the firm posted $0.66 earnings per share. Research analysts anticipate that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the transaction, the insider directly owned 64,800 shares in the company, valued at approximately $729,000. The trade was a 8.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new stake in FS KKR Capital during the 2nd quarter worth about $26,000. Beacon Capital Management Inc. acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of FS KKR Capital during the fourth quarter worth approximately $26,000. Jessup Wealth Management Inc acquired a new position in FS KKR Capital in the fourth quarter valued at approximately $26,000. Finally, FNY Investment Advisers LLC acquired a new position in FS KKR Capital in the fourth quarter valued at approximately $28,000. 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.