Analysts Set FS KKR Capital Corp. (NYSE:FSK) Target Price at $17.50

Shares of FS KKR Capital Corp. (NYSE:FSK) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.50.

A number of research firms recently commented on FSK. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Royal Bank Of Canada dropped their target price on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Friday, November 14th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research note on Thursday, January 22nd.

Institutional Trading of FS KKR Capital

Several institutional investors have recently added to or reduced their stakes in the business. CCLA Investment Management lifted its stake in shares of FS KKR Capital by 5.6% in 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 during the last quarter. Geneos Wealth Management Inc. increased its stake in FS KKR Capital by 58.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 559,345 shares of the company’s stock worth $11,606,000 after purchasing an additional 205,823 shares during the period. Corient Private Wealth LLC lifted its position in FS KKR Capital by 291.1% in the second quarter. Corient Private Wealth LLC now owns 48,324 shares of the company’s stock valued at $1,003,000 after purchasing an additional 35,968 shares during the last quarter. AA Financial Advisors LLC lifted its position in FS KKR Capital by 24.9% in the third quarter. AA Financial Advisors LLC now owns 185,859 shares of the company’s stock valued at $2,775,000 after purchasing an additional 37,001 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of FS KKR Capital by 19.1% during the second quarter. Franklin Resources Inc. now owns 539,022 shares of the company’s stock valued at $11,185,000 after purchasing an additional 86,456 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $13.56 on Friday. 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 1 year low of $12.65 and a 1 year high of $24.10. The company has a 50 day simple moving average of $14.53 and a two-hundred day simple moving average of $15.83.

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.