Keefe, Bruyette & Woods Issues Pessimistic Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price target reduced by research analysts at Keefe, Bruyette & Woods from $18.00 to $15.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 41.79% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company lowered their price objective on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada lowered their target price on shares of FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research report on Thursday, January 22nd. Eight analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.00.

FS KKR Capital Stock Performance

Shares of FSK stock traded down $0.22 during trading hours on Monday, reaching $10.58. The company had a trading volume of 1,414,867 shares, compared to its average volume of 3,191,738. FS KKR Capital has a 12-month low of $10.28 and a 12-month high of $23.84. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05. The stock has a fifty day moving average of $13.90 and a 200-day moving average of $15.21.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data 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). The firm had revenue of $348.00 million for the quarter, compared to analyst estimates of $361.59 million. FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.During the same quarter in the previous year, the business posted $0.66 earnings per share. As a group, equities analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors have recently modified their holdings of the company. CCLA Investment Management lifted its holdings in shares of FS KKR Capital by 5.6% during the 3rd quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock valued at $25,435,000 after acquiring an additional 90,167 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of FS KKR Capital by 58.2% in the second quarter. Geneos Wealth Management Inc. now owns 559,345 shares of the company’s stock worth $11,606,000 after buying an additional 205,823 shares during the period. AA Financial Advisors LLC raised its holdings in shares of FS KKR Capital by 24.9% during the 3rd quarter. AA Financial Advisors LLC now owns 185,859 shares of the company’s stock valued at $2,775,000 after buying an additional 37,001 shares during the period. Corient Private Wealth LLC lifted its position in FS KKR Capital by 291.1% during the 2nd quarter. Corient Private Wealth LLC now owns 48,324 shares of the company’s stock worth $1,003,000 after acquiring an additional 35,968 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in FS KKR Capital by 19.1% in the 2nd quarter. Franklin Resources Inc. now owns 539,022 shares of the company’s stock worth $11,185,000 after acquiring an additional 86,456 shares during the period. 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.