FS KKR Capital (NYSE:FSK) Rating Increased to Hold at Zacks Research

FS KKR Capital (NYSE:FSK) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on FSK. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday. Truist Financial boosted their price objective on shares of FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods reduced their price objective on shares of FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Finally, Capital One Financial set a $12.00 target price on shares of FS KKR Capital in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $11.21.

FS KKR Capital Stock Performance

NYSE FSK opened at $12.19 on Tuesday. FS KKR Capital has a fifty-two week low of $9.72 and a fifty-two week high of $18.25. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of -9.03 and a beta of 0.83. The business has a fifty day moving average of $10.83 and a 200-day moving average of $11.19. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.38.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $290.00 million for the quarter, compared to the consensus estimate of $286.75 million. FS KKR Capital had a positive return on equity of 9.43% and a negative net margin of 28.52%.During the same period in the prior year, the business earned ($0.75) earnings per share. As a group, analysts predict that FS KKR Capital will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FS KKR Capital

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