FS KKR Capital (NYSE:FSK) Coverage Initiated at B. Riley

Equities research analysts at B. Riley began coverage on shares of FS KKR Capital (NYSE:FSK) in a research note issued on Tuesday. The brokerage set a “neutral” rating and a $19.00 price target on the stock. B. Riley’s target price would suggest a potential downside of 9.05% from the stock’s current price.

FSK has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Royal Bank of Canada lifted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Wells Fargo & Company lowered their price objective on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer lowered their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and a consensus target price of $19.67.

FS KKR Capital Stock Up 0.5%

NYSE FSK opened at $20.89 on Tuesday. The business has a fifty day moving average price of $20.21 and a 200 day moving average price of $21.39. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market cap of $5.85 billion, a P/E ratio of 11.11 and a beta of 0.98. FS KKR Capital has a one year low of $17.42 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $400.00 million during the quarter, compared to analysts’ expectations of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. Research analysts anticipate that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Hedge Funds Weigh In On FS KKR Capital

Several large investors have recently modified their holdings of FSK. Sunbelt Securities Inc. lifted its position in FS KKR Capital by 1.3% in the fourth quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company’s stock valued at $726,000 after buying an additional 423 shares during the last quarter. Kendall Capital Management raised its stake in shares of FS KKR Capital by 2.3% in the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock valued at $497,000 after acquiring an additional 517 shares during the period. Kathmere Capital Management LLC lifted its holdings in shares of FS KKR Capital by 1.4% in the 1st quarter. Kathmere Capital Management LLC now owns 41,258 shares of the company’s stock worth $864,000 after acquiring an additional 562 shares during the last quarter. Endowment Wealth Management Inc. boosted its position in shares of FS KKR Capital by 0.6% during the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock worth $1,977,000 after purchasing an additional 582 shares during the period. Finally, Liberty Square Wealth Partners LLC boosted its position in shares of FS KKR Capital by 1.2% during the 1st quarter. Liberty Square Wealth Partners LLC now owns 52,508 shares of the company’s stock worth $1,100,000 after purchasing an additional 602 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

About FS KKR Capital

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.