FS KKR Capital (NYSE:FSK – Get Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.
FSK has been the subject of several other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $11.00 price target on shares of FS KKR Capital in a research note on Tuesday, May 12th. Wells Fargo & Company reduced their price objective on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a report on Tuesday, June 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. Six equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $10.58.
Read Our Latest Report on FS KKR Capital
FS KKR Capital Stock Down 0.2%
FS KKR Capital (NYSE:FSK – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.The business had revenue of $304.00 million for the quarter, compared to analyst estimates of $316.81 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was down 24.0% on a year-over-year basis. On average, research analysts forecast that FS KKR Capital will post 1.64 EPS for the current year.
Institutional Investors Weigh In On FS KKR Capital
A number of institutional investors have recently modified their holdings of FSK. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of FS KKR Capital during the fourth quarter worth $26,000. Jessup Wealth Management Inc acquired a new position in FS KKR Capital in the fourth quarter valued at $26,000. FNY Investment Advisers LLC bought a new stake in FS KKR Capital during the fourth quarter valued at $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in FS KKR Capital during the fourth quarter valued at $31,000. Finally, Basepoint Wealth LLC acquired a new stake in FS KKR Capital during the 4th quarter worth about $31,000. 36.26% of the stock is owned by institutional investors.
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.
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