FS KKR Capital (NYSE:FSK) Upgraded at Wall Street Zen

FS KKR Capital (NYSE:FSK) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Royal Bank Of Canada cut their price objective on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company cut their price objective on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research note on Friday, August 8th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $17.75.

FS KKR Capital Stock Performance

NYSE:FSK opened at $14.96 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital has a one year low of $14.76 and a one year high of $24.10. The business’s 50-day simple moving average is $17.64 and its 200 day simple moving average is $19.63.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The business had revenue of $398.00 million during the quarter, compared to analyst estimates of $402.00 million. During the same quarter last year, the firm posted $0.75 EPS. Research analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current year.

Hedge Funds Weigh In On FS KKR Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSK. Bison Wealth LLC grew its holdings in FS KKR Capital by 3.4% in the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after buying an additional 720 shares in the last quarter. Parallel Advisors LLC grew its holdings in FS KKR Capital by 47.8% in the 1st quarter. Parallel Advisors LLC now owns 7,407 shares of the company’s stock worth $155,000 after buying an additional 2,395 shares in the last quarter. Merit Financial Group LLC grew its holdings in FS KKR Capital by 23.9% in the 1st quarter. Merit Financial Group LLC now owns 83,341 shares of the company’s stock worth $1,746,000 after buying an additional 16,093 shares in the last quarter. Annex Advisory Services LLC bought a new position in FS KKR Capital in the 1st quarter worth approximately $264,000. Finally, Intellectus Partners LLC grew its holdings in FS KKR Capital by 3.9% in the 1st quarter. Intellectus Partners LLC now owns 97,653 shares of the company’s stock worth $2,114,000 after buying an additional 3,700 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.