FS KKR Capital (NYSE:FSK) Stock Rating Lowered by B. Riley

FS KKR Capital (NYSE:FSK - Get Free Report) was downgraded by investment analysts at B. Riley from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a $21.50 target price on the stock. B. Riley's price objective would suggest a potential upside of 0.80% from the company's previous close.

Several other research firms also recently weighed in on FSK. Royal Bank of Canada increased their target price on FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Monday, November 18th. Wells Fargo & Company reiterated an "equal weight" rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.25.

FS KKR Capital Price Performance

Shares of FSK traded down $0.12 during trading hours on Wednesday, reaching $21.33. 1,514,830 shares of the company traded hands, compared to its average volume of 1,421,140. The stock has a market capitalization of $5.97 billion, a PE ratio of 11.41 and a beta of 1.25. The stock has a fifty day simple moving average of $20.90 and a 200 day simple moving average of $20.26. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $22.39. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to analysts' expectations of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the previous year, the company earned $0.80 EPS. As a group, research analysts predict that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In related news, insider Brian Gerson bought 5,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $22.08 per share, with a total value of $110,400.00. Following the completion of the transaction, the insider now directly owns 15,109 shares of the company's stock, valued at approximately $333,606.72. This represents a 49.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 11,500 shares of company stock valued at $248,910 over the last ninety days. Corporate insiders own 0.25% of the company's stock.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its position in shares of FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock worth $62,462,000 after purchasing an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in FS KKR Capital in the 2nd quarter valued at about $19,544,000. Legacy Investment Solutions LLC acquired a new stake in shares of FS KKR Capital during the third quarter valued at about $7,830,000. Flagship Harbor Advisors LLC acquired a new position in shares of FS KKR Capital in the third quarter worth about $7,290,000. Finally, Van ECK Associates Corp lifted its stake in shares of FS KKR Capital by 6.6% in the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company's stock worth $117,886,000 after acquiring an additional 356,704 shares in the last quarter. Hedge funds and other institutional investors 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.