Zacks Research Downgrades FS KKR Capital (NYSE:FSK) to Strong Sell

FS KKR Capital (NYSE:FSK) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also commented on FSK. Royal Bank Of Canada dropped their price objective on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, February 27th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods cut their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating for the company in a report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company dropped their target price 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. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $14.67.

FS KKR Capital Trading Up 0.9%

FSK stock opened at $10.95 on Monday. FS KKR Capital has a one year low of $10.28 and a one year high of $23.07. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. The firm’s fifty day moving average is $13.76 and its 200 day moving average is $15.12.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (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 firm 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 company earned $0.66 earnings per share. On average, sell-side analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the transaction, the insider owned 64,800 shares of the company’s stock, valued at $729,000. The trade was a 8.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

A number of hedge funds have recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new stake in shares of FS KKR Capital in the second quarter valued at approximately $26,000. Beacon Capital Management Inc. acquired a new position in FS KKR Capital during the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in FS KKR Capital during the fourth quarter worth $26,000. Jessup Wealth Management Inc purchased a new stake in FS KKR Capital in the 4th quarter valued at $26,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of FS KKR Capital in the 4th quarter worth $28,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

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.