Royal Bank Of Canada Issues Pessimistic Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price target decreased by research analysts at Royal Bank Of Canada from $15.00 to $13.00 in a report released on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 22.12% from the company’s current price.

Several other brokerages have also weighed in on FSK. Zacks Research lowered FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. B. Riley Financial lowered their price target on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Wells Fargo & Company reduced their price objective on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. dropped their target price on shares of FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Finally, Truist Financial cut their price target on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Reduce” and a consensus price target of $13.07.

FS KKR Capital Stock Up 1.3%

Shares of NYSE:FSK traded up $0.14 during trading hours on Monday, reaching $10.65. The stock had a trading volume of 384,182 shares, compared to its average volume of 3,817,969. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 355.03 and a beta of 0.83. The firm’s 50 day moving average is $11.80 and its 200-day moving average is $13.92. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. FS KKR Capital has a 1 year low of $9.72 and a 1 year high of $22.68.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $348.00 million during the quarter, compared to analyst estimates of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same quarter in the prior year, the business earned $0.66 earnings per share. Research analysts predict that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $11.25 per share, with a total value of $56,250.00. Following the completion of the acquisition, the insider owned 64,800 shares of the company’s stock, valued at $729,000. The trade was a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of FS KKR Capital

Several institutional investors and hedge funds have recently bought and sold shares of FSK. Rockefeller Capital Management L.P. grew its position in FS KKR Capital by 143.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,126,496 shares of the company’s stock worth $16,683,000 after purchasing an additional 663,981 shares during the last quarter. World Investment Advisors raised its holdings in shares of FS KKR Capital by 439.9% in the fourth quarter. World Investment Advisors now owns 86,263 shares of the company’s stock valued at $1,278,000 after buying an additional 70,285 shares during the last quarter. Alpine Global Management LLC boosted its stake in shares of FS KKR Capital by 14.6% during the fourth quarter. Alpine Global Management LLC now owns 113,316 shares of the company’s stock worth $1,678,000 after buying an additional 14,394 shares during the period. Titan Investment Management LLC acquired a new stake in shares of FS KKR Capital during the fourth quarter worth about $1,863,000. Finally, Virtu Financial LLC grew its holdings in shares of FS KKR Capital by 222.8% during the fourth quarter. Virtu Financial LLC now owns 69,781 shares of the company’s stock worth $1,033,000 after buying an additional 48,162 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.