FS KKR Capital (NYSE:FSK) Price Target Cut to $20.00 by Analysts at Wells Fargo & Company

FS KKR Capital (NYSE:FSK - Get Free Report) had its price target lowered by equities research analysts at Wells Fargo & Company from $21.00 to $20.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price target points to a potential downside of 1.67% from the stock's current price.

Separately, Royal Bank of Canada restated a "sector perform" rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.94.

FS KKR Capital Stock Down 1.9 %

Shares of FSK traded down $0.39 on Tuesday, hitting $20.34. 1,340,555 shares of the stock traded hands, compared to its average volume of 1,419,013. FS KKR Capital has a one year low of $18.31 and a one year high of $20.99. The company has a market capitalization of $5.70 billion, a PE ratio of 8.56 and a beta of 1.25. The business has a 50 day simple moving average of $20.03 and a 200 day simple moving average of $19.88. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its 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 business had revenue of $439.00 million during 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 company earned $0.78 EPS. As a group, equities analysts forecast that FS KKR Capital will post 2.86 earnings per share for the current fiscal year.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares of the company's stock, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 0.25% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Norden Group LLC purchased a new stake in shares of FS KKR Capital during the first quarter worth about $1,362,000. SpiderRock Advisors LLC purchased a new stake in FS KKR Capital during the 1st quarter valued at approximately $443,000. Private Advisor Group LLC raised its position in shares of FS KKR Capital by 0.4% during the first quarter. Private Advisor Group LLC now owns 542,634 shares of the company's stock valued at $10,348,000 after buying an additional 2,413 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of FS KKR Capital in the first quarter worth $662,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of FS KKR Capital by 30.0% during the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company's stock worth $1,237,000 after acquiring an additional 14,977 shares during the last quarter. Institutional investors own 36.26% of the company's stock.

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.