FS KKR Capital (NYSE:FSK) Lowered to Hold at Zacks Investment Research

FS KKR Capital (NYSE:FSK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “FS KKR Capital Corp. is a business development company. It invests primarily in the senior secured debt and subordinated debt of private middle market U.S. companies. FS KKR Capital Corp., formerly known as FS Investment Corporation, is based in Philadelphia, United States. “

FSK has been the subject of several other research reports. JPMorgan Chase & Co. raised shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price target for the company in a research note on Friday, August 9th. ValuEngine raised shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. FS KKR Capital presently has a consensus rating of “Hold” and a consensus target price of $7.25.



FS KKR Capital stock traded down $0.02 during mid-day trading on Wednesday, reaching $5.65. The company had a trading volume of 1,004,821 shares, compared to its average volume of 1,879,887. FS KKR Capital has a fifty-two week low of $5.09 and a fifty-two week high of $6.93. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.93 billion, a P/E ratio of 6.65, a P/E/G ratio of 2.58 and a beta of 1.11. The business has a fifty day simple moving average of $5.79 and a 200 day simple moving average of $5.99.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm had revenue of $199.00 million during the quarter, compared to the consensus estimate of $194.84 million. FS KKR Capital had a net margin of 12.11% and a return on equity of 8.66%. Research analysts forecast that FS KKR Capital will post 0.74 EPS for the current year.

In other FS KKR Capital news, Director Michael J. Hagan purchased 42,100 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was purchased at an average price of $5.95 per share, with a total value of $250,495.00. Also, insider Daniel Pietrzak purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of $5.65 per share, with a total value of $56,500.00. The disclosure for this purchase can be found here. Insiders have bought 57,100 shares of company stock valued at $335,795 in the last ninety days. Insiders own 0.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FSK. Beach Point Capital Management LP bought a new position in FS KKR Capital during the second quarter worth $115,333,000. Commonwealth Equity Services LLC bought a new position in FS KKR Capital during the second quarter worth $66,831,000. LPL Financial LLC bought a new position in FS KKR Capital during the second quarter worth $52,281,000. HBK Investments L P bought a new position in FS KKR Capital during the second quarter worth $45,575,000. Finally, UBS Group AG bought a new position in FS KKR Capital during the second quarter worth $28,777,000. 29.94% 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 seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

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