FS KKR Capital (NYSE:FSK) Earns Equal Weight Rating from Wells Fargo & Company

FS KKR Capital (NYSE:FSK)‘s stock had its “equal weight” rating reiterated by analysts at Wells Fargo & Company in a research note issued to investors on Monday, MarketBeat.com reports. They presently have a $21.00 target price on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 4.50% from the stock’s previous close.

Separately, Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, FS KKR Capital presently has an average rating of “Hold” and an average price target of $20.19.

FS KKR Capital Price Performance

FSK stock opened at $21.99 on Monday. The company’s 50-day moving average price is $20.72 and its two-hundred day moving average price is $20.21. The firm has a market cap of $6.16 billion, a P/E ratio of 11.70 and a beta of 1.25. 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 has a 12 month low of $18.31 and a 12 month high of $22.39.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period last year, the firm posted $0.80 earnings per share. On average, analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds have recently modified their holdings of the business. Summit Securities Group LLC acquired a new stake in FS KKR Capital during the 2nd quarter valued at approximately $30,000. Ridgewood Investments LLC bought a new position in FS KKR Capital during the second quarter worth $37,000. Rothschild Investment LLC acquired a new position in FS KKR Capital in the second quarter valued at $39,000. McIlrath & Eck LLC lifted its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after buying an additional 675 shares during the period. Finally, Financial Gravity Asset Management Inc. boosted its position in FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after acquiring an additional 1,421 shares during the last quarter. Institutional investors and hedge funds 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.