FS KKR Capital Corp. (NYSE:FSK) Receives $17.50 Average PT from Analysts

FS KKR Capital Corp. (NYSE:FSK) has earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is $17.50.

Several research firms have weighed in on FSK. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock in a research note on Monday, October 6th. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Friday, November 14th.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 10,000 shares of FS KKR Capital stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of $15.15 per share, for a total transaction of $151,500.00. Following the completion of the purchase, the insider directly owned 59,800 shares of the company’s stock, valued at $905,970. The trade was a 20.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael C. Forman purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the purchase, the chief executive officer owned 24,220 shares in the company, valued at $375,410. The trade was a 70.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in FS KKR Capital during the 2nd quarter worth $26,000. Beacon Capital Management Inc. bought a new position in shares of FS KKR Capital in the second quarter worth about $26,000. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital in the fourth quarter worth about $28,000. Eastern Bank lifted its position in shares of FS KKR Capital by 355.6% during the 3rd quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 1,561 shares during the last quarter. Finally, Trust Co. of Vermont boosted its stake in FS KKR Capital by 51.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after purchasing an additional 515 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 1.0%

NYSE:FSK opened at $14.52 on Wednesday. The business’s fifty day moving average price is $15.16 and its 200 day moving average price is $16.80. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. FS KKR Capital has a 1-year low of $14.05 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The company 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 previous year, the business posted $0.74 EPS. As a group, equities research analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

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.