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

FS KKR Capital (NYSE:FSK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a 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. “

A number of other brokerages also recently commented on FSK. ValuEngine downgraded FS KKR Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. Raymond James began coverage on FS KKR Capital in a research note on Wednesday, June 5th. They set a “market perform” rating and a $6.01 price objective for the company. Finally, National Securities restated a “buy” rating and set a $10.00 price objective on shares of FS KKR Capital in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.67.

FSK traded down $0.03 during trading on Wednesday, reaching $5.60. 18,725 shares of the company were exchanged, compared to its average volume of 1,578,724. The firm has a market capitalization of $2.94 billion, a PE ratio of 6.59, a P/E/G ratio of 2.67 and a beta of 1.08. The business’s 50 day moving average price is $6.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.34 and a current ratio of 1.34. FS KKR Capital has a 52 week low of $5.09 and a 52 week high of $8.24.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $189.38 million. FS KKR Capital had a positive return on equity of 8.26% and a negative net margin of 12.43%. On average, analysts forecast that FS KKR Capital will post 0.73 earnings per share for the current year.

In other FS KKR Capital news, General Counsel Stephen Sypherd purchased 16,807 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was bought at an average price of $5.95 per share, with a total value of $100,001.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard I. Goldstein purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of $5.99 per share, with a total value of $29,950.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 35,107 shares of company stock valued at $209,152. 0.35% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Horan Securities Inc. bought a new position in FS KKR Capital during the second quarter valued at about $27,000. Hanson McClain Inc. bought a new position in FS KKR Capital during the second quarter valued at about $31,000. Kistler Tiffany Companies LLC bought a new position in FS KKR Capital during the second quarter valued at about $31,000. Gradient Investments LLC bought a new position in FS KKR Capital during the second quarter valued at about $31,000. Finally, Barnett & Company Inc. bought a new position in FS KKR Capital during the second quarter valued at about $35,000. 28.87% of the stock is owned by institutional investors.

FS KKR Capital Company Profile

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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