FS KKR Capital Corp. (NYSE:FSK) Given Consensus Rating of “Hold” by Analysts

FS KKR Capital Corp. (NYSE:FSK) has earned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $20.17.

FSK has been the topic of a number of analyst reports. Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Royal Bank of Canada reduced their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Truist Financial reduced their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, February 28th. Finally, Hovde Group reiterated a “market perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, February 28th.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $18.85 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 7.57 and a beta of 1.25. The firm has a 50 day simple moving average of $19.26 and a 200-day simple moving average of $19.68. FS KKR Capital has a 1-year low of $17.50 and a 1-year high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The firm had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $452.39 million. During the same quarter last year, the company posted $0.81 EPS. On average, analysts expect that FS KKR Capital will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.58%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is presently 102.81%.

Insider Activity

In other news, insider Daniel Pietrzak acquired 7,300 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the transaction, the insider now directly owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently bought and sold shares of FSK. Mather Group LLC. purchased a new stake in FS KKR Capital during the first quarter worth approximately $39,000. Center for Financial Planning Inc. boosted its stake in shares of FS KKR Capital by 147.6% in the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock valued at $39,000 after purchasing an additional 1,179 shares during the period. Planned Solutions Inc. purchased a new position in shares of FS KKR Capital in the fourth quarter valued at $40,000. Worth Asset Management LLC purchased a new position in shares of FS KKR Capital in the first quarter valued at $43,000. Finally, Retirement Group LLC purchased a new position in shares of FS KKR Capital in the fourth quarter valued at $39,000. Institutional investors and hedge funds 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.