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

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

FSK has been the topic of several research analyst reports. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average price of $15.50 per share, with a total value of $155,000.00. Following the purchase, the chief executive officer owned 24,220 shares in the company, valued at approximately $375,410. The trade was a 70.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Pietrzak acquired 10,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $15.15 per share, with a total value of $151,500.00. Following the acquisition, the insider owned 59,800 shares in the company, valued at $905,970. The trade was a 20.08% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSK. Arta Finance Wealth Management LLC acquired a new stake in shares of FS KKR Capital in the 4th quarter worth $156,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of FS KKR Capital in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the fourth quarter worth about $28,000. Silver Oak Securities Incorporated increased its position in FS KKR Capital by 11.8% during the fourth quarter. Silver Oak Securities Incorporated now owns 57,639 shares of the company’s stock worth $851,000 after purchasing an additional 6,087 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new position in FS KKR Capital during the fourth quarter worth about $1,063,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Down 1.1%

Shares of NYSE FSK opened at $14.36 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a fifty day moving average of $15.12 and a 200 day moving average of $16.70. FS KKR Capital has a one year low of $14.05 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The business had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. During the same quarter last year, the business earned $0.74 earnings per share. As a group, analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

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.