FS KKR Capital (NYSE:FSK) Price Target Lowered to $11.00 at Wells Fargo & Company

FS KKR Capital (NYSE:FSK) had its price target cut by Wells Fargo & Company from $15.00 to $11.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 1.83% from the stock’s previous close.

A number of other research firms also recently issued reports on FSK. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a research report on Monday, November 10th. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Royal Bank Of Canada lowered their target price on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, November 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.83.

FS KKR Capital Trading Down 0.8%

Shares of FSK traded down $0.09 during midday trading on Friday, hitting $11.21. The company’s stock had a trading volume of 5,384,874 shares, compared to its average volume of 3,073,982. The company’s fifty day simple moving average is $13.98 and its two-hundred day simple moving average is $15.29. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital has a one year low of $10.87 and a one year high of $23.84.

FS KKR Capital (NYSE:FSK) last announced its quarterly 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 5.12% and a net margin of 0.72%.The company had revenue of $348.00 million for the quarter, compared to analyst estimates of $361.59 million. During the same quarter last year, the company posted $0.66 earnings per share. Equities analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in shares of FS KKR Capital in the second quarter worth approximately $26,000. Beacon Capital Management Inc. bought a new stake in shares of FS KKR Capital during the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in FS KKR Capital in the fourth quarter worth $26,000. Jessup Wealth Management Inc purchased a new stake in FS KKR Capital during the fourth quarter valued at about $26,000. Finally, FNY Investment Advisers LLC bought a new stake in FS KKR Capital during the fourth quarter worth about $28,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.