FS KKR Capital (NYSE:FSK) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

FS KKR Capital (NYSE:FSK) announced its quarterly earnings results on Wednesday. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03), FiscalAI reports. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The company had revenue of $348.00 million during the quarter, compared to the consensus estimate of $361.59 million.

FS KKR Capital Price Performance

Shares of FSK traded up $0.22 during mid-day trading on Wednesday, hitting $13.34. 3,038,867 shares of the company traded hands, compared to its average volume of 2,596,987. FS KKR Capital has a one year low of $12.65 and a one year high of $23.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. The business has a 50-day moving average of $14.09 and a 200 day moving average of $15.34.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Royal Bank Of Canada cut their target price on shares of 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. Finally, Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bison Wealth LLC lifted its stake in shares of FS KKR Capital by 3.4% during the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after acquiring an additional 720 shares during the period. Goldman Sachs Group Inc. raised its holdings in FS KKR Capital by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after purchasing an additional 32,258 shares during the last quarter. Empowered Funds LLC lifted its position in FS KKR Capital by 139.9% during the 1st quarter. Empowered Funds LLC now owns 26,744 shares of the company’s stock valued at $560,000 after purchasing an additional 15,596 shares during the period. Marshall Wace LLP bought a new position in shares of FS KKR Capital in the 2nd quarter valued at about $1,806,000. Finally, Nebula Research & Development LLC grew its position in shares of FS KKR Capital by 83.1% during the 2nd quarter. Nebula Research & Development LLC now owns 20,236 shares of the company’s stock worth $420,000 after buying an additional 9,183 shares during the period. 36.26% of the stock is currently owned by institutional investors.

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.