FS KKR Capital (NYSE:FSK) PT Lowered to $20.00

FS KKR Capital (NYSE:FSK) had its price objective decreased by equities researchers at Wells Fargo & Company from $21.00 to $20.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 2.68% from the stock’s previous close.

Separately, Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.94.

FS KKR Capital Stock Down 0.9 %

Shares of NYSE FSK traded down $0.18 during mid-day trading on Tuesday, reaching $20.55. 172,253 shares of the company’s stock were exchanged, compared to its average volume of 1,413,423. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 8.56 and a beta of 1.25. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $20.03 and a 200 day simple moving average of $19.88. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $20.99.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same quarter last year, the firm posted $0.78 earnings per share. As a group, equities analysts expect that FS KKR Capital will post 2.86 EPS for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In other news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the completion of the purchase, the insider now directly owns 44,800 shares in the company, valued at $860,608. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

Several hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in FS KKR Capital by 54.4% during the 3rd quarter. US Bancorp DE now owns 12,916 shares of the company’s stock worth $255,000 after purchasing an additional 4,550 shares during the last quarter. Financial Advocates Investment Management lifted its holdings in FS KKR Capital by 21.9% during the 3rd quarter. Financial Advocates Investment Management now owns 12,362 shares of the company’s stock worth $244,000 after purchasing an additional 2,223 shares during the last quarter. Andina Capital Management LLC lifted its holdings in FS KKR Capital by 8.0% during the 3rd quarter. Andina Capital Management LLC now owns 92,210 shares of the company’s stock worth $1,819,000 after purchasing an additional 6,796 shares during the last quarter. Tyche Wealth Partners LLC acquired a new position in FS KKR Capital in the 3rd quarter valued at $250,000. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in FS KKR Capital by 6.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 31,562 shares of the company’s stock valued at $623,000 after acquiring an additional 1,854 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

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.