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

FS KKR Capital (NYSE:FSK)‘s stock had its “equal weight” rating restated by research analysts at Wells Fargo & Company in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $21.00 target price on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 5.49% from the stock’s previous close.

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

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $22.22 on Monday. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $22.39. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 11.82 and a beta of 1.25. The stock’s 50 day simple moving average is $20.63 and its two-hundred day simple moving average is $20.18. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the previous year, the company posted $0.80 earnings per share. As a group, analysts expect that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC purchased a new position in FS KKR Capital in the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC bought a new position in FS KKR Capital during the 2nd quarter valued at about $37,000. Rothschild Investment LLC bought a new stake in shares of FS KKR Capital in the second quarter worth approximately $39,000. McIlrath & Eck LLC raised its holdings in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. lifted 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 purchasing an additional 1,421 shares during the period. 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.