FS KKR Capital (NYSE:FSK) Downgraded to Strong Sell Rating by Zacks Research

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

FSK has been the topic of a number of other reports. Keefe, Bruyette & Woods dropped their target price on shares of FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $11.00 price target on shares of FS KKR Capital in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company dropped their price objective on FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $10.58.

FS KKR Capital Stock Performance

NYSE FSK opened at $10.78 on Monday. The firm has a market capitalization of $3.02 billion, a P/E ratio of -5.47 and a beta of 0.82. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.38. The firm’s fifty day moving average price is $10.69 and its two-hundred day moving average price is $11.70. FS KKR Capital has a 1 year low of $9.72 and a 1 year high of $22.68.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. The firm had revenue of $304.00 million during the quarter, compared to the consensus estimate of $316.81 million. During the same period last year, the business earned $0.65 EPS. The business’s revenue was down 24.0% on a year-over-year basis. As a group, research analysts anticipate that FS KKR Capital will post 1.64 EPS for the current year.

Institutional Trading of FS KKR Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in FS KKR Capital in the 4th quarter valued at about $26,000. Jessup Wealth Management Inc bought a new stake in shares of FS KKR Capital during the fourth quarter worth approximately $26,000. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital during the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $31,000. Finally, Basepoint Wealth LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $31,000. 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.