FS KKR Capital (NYSE:FSK) Price Target Cut to $15.00 by Analysts at Royal Bank Of Canada

FS KKR Capital (NYSE:FSK) had its price target reduced by analysts at Royal Bank Of Canada from $17.00 to $15.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 36.67% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Keefe, Bruyette & Woods cut 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 restated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Thursday, January 22nd. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Friday, November 28th. 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 for the company in a research report on Friday. Eight analysts have rated the stock with a Hold rating, According to MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $16.50.

FS KKR Capital Stock Down 2.8%

NYSE:FSK traded down $0.32 on Friday, reaching $10.98. The stock had a trading volume of 7,105,644 shares, compared to its average volume of 3,103,113. The company has a 50-day moving average of $13.98 and a 200 day moving average of $15.29. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. FS KKR Capital has a 12-month low of $10.87 and a 12-month high of $23.84.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $361.59 million. FS KKR Capital had a return on equity of 5.12% and a net margin of 0.72%.During the same period in the previous year, the firm posted $0.66 earnings per share. Equities research analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Alpine Global Management LLC boosted its stake in FS KKR Capital by 14.6% in the fourth quarter. Alpine Global Management LLC now owns 113,316 shares of the company’s stock valued at $1,678,000 after acquiring an additional 14,394 shares during the period. Titan Investment Management LLC bought a new stake in shares of FS KKR Capital in the 4th quarter worth approximately $1,863,000. Virtu Financial LLC boosted its position in FS KKR Capital by 222.8% during the 4th quarter. Virtu Financial LLC now owns 69,781 shares of the company’s stock valued at $1,033,000 after purchasing an additional 48,162 shares during the period. Sunbelt Securities Inc. boosted its position in FS KKR Capital by 13.7% during the 4th quarter. Sunbelt Securities Inc. now owns 59,903 shares of the company’s stock valued at $887,000 after purchasing an additional 7,203 shares during the period. Finally, Jacobs Equity LLC bought a new position in FS KKR Capital during the 4th quarter worth $313,000. Institutional investors and hedge funds 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.