FS KKR Capital (NYSE:FSK) Issues Quarterly Earnings Results

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%.

FS KKR Capital Stock Performance

FS KKR Capital stock traded up $0.22 during mid-day trading on Wednesday, hitting $13.34. 2,998,741 shares of the company were exchanged, compared to its average volume of 2,594,410. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. FS KKR Capital has a 1-year low of $12.65 and a 1-year high of $23.84. The business has a fifty day moving average of $14.09 and a 200 day moving average of $15.34.

Institutional Trading of FS KKR Capital

Hedge funds have recently modified their holdings of the stock. Jessup Wealth Management Inc acquired a new stake in FS KKR Capital in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC grew its holdings in FS KKR Capital by 201.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,678 shares of the company’s stock worth $40,000 after acquiring an additional 1,789 shares during the period. Knott David M Jr bought a new stake in shares of FS KKR Capital during the 4th quarter valued at $43,000. Strive Financial Group LLC acquired a new position in shares of FS KKR Capital in the 4th quarter valued at $50,000. Finally, Advocate Investing Services LLC bought a new position in FS KKR Capital during the fourth quarter worth about $59,000. 36.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on FSK shares. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Royal Bank Of Canada decreased 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 report on Friday, November 14th. Keefe, Bruyette & Woods lowered their price target on 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. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research note on Thursday, January 22nd. Finally, Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and an average target price of $17.50.

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.