FS KKR Capital Corp. (NYSE:FSK) Receives Average Rating of “Reduce” from Brokerages

Shares of FS KKR Capital Corp. (NYSE:FSK) have been assigned an average recommendation of “Reduce” from the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.50.

A number of equities research analysts have weighed in on FSK shares. Keefe, Bruyette & Woods reduced their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 15th. B. Riley initiated coverage on FS KKR Capital in a report on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 price objective for the company. Wells Fargo & Company cut their target price on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. decreased their price target on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently modified their holdings of FSK. BOS Asset Management LLC bought a new stake in shares of FS KKR Capital in the 1st quarter worth approximately $281,000. Geneos Wealth Management Inc. raised its position in FS KKR Capital by 3.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 353,522 shares of the company’s stock worth $7,406,000 after purchasing an additional 11,387 shares during the period. Belpointe Asset Management LLC raised its position in FS KKR Capital by 71.9% in the 1st quarter. Belpointe Asset Management LLC now owns 29,645 shares of the company’s stock worth $621,000 after purchasing an additional 12,402 shares during the period. Flaharty Asset Management LLC bought a new stake in FS KKR Capital in the first quarter worth $29,000. Finally, Integrity Alliance LLC. boosted its position in FS KKR Capital by 121.5% during the first quarter. Integrity Alliance LLC. now owns 64,876 shares of the company’s stock valued at $1,359,000 after buying an additional 35,585 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $21.10 on Tuesday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 11.22 and a beta of 0.98. FS KKR Capital has a twelve month low of $17.42 and a twelve month high of $24.10. The company has a 50-day simple moving average of $20.14 and a two-hundred day simple moving average of $21.44.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. FS KKR Capital’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Analysts forecast that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a yield of 12.13%. FS KKR Capital’s payout ratio is presently 134.74%.

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.