FS KKR Capital Corp. (NYSE:FSK) Receives Average Recommendation of “Hold” from Analysts

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given a consensus rating of “Hold” by the eight research firms that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have covered the stock in the last year is $17.50.

FSK has been the topic of several analyst reports. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Royal Bank Of Canada cut their price objective on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Finally, Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Friday, November 28th.

Insiders Place Their Bets

In other FS KKR Capital news, CEO Michael C. Forman purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were bought at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the purchase, the chief executive officer owned 24,220 shares in the company, valued at approximately $375,410. This trade represents a 70.32% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Pietrzak acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $15.15 per share, with a total value of $151,500.00. Following the completion of the transaction, the insider owned 59,800 shares in the company, valued at $905,970. The trade was a 20.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

A number of hedge funds have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new position in FS KKR Capital in the 2nd quarter valued at approximately $26,000. Beacon Capital Management Inc. acquired a new position in shares of FS KKR Capital during the second quarter worth $26,000. Flaharty Asset Management LLC bought a new position in shares of FS KKR Capital in the 1st quarter valued at $29,000. Eastern Bank boosted its holdings in shares of FS KKR Capital by 355.6% during the 3rd quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 1,561 shares in the last quarter. Finally, Trust Co. of Vermont boosted its holdings in shares of FS KKR Capital by 51.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after acquiring an additional 515 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 1.9%

Shares of FSK opened at $14.68 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital has a 12 month low of $14.05 and a 12 month high of $24.10. The firm’s 50 day moving average is $15.33 and its 200-day moving average is $17.73.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The business had revenue of $373.00 million for the quarter, compared to the consensus estimate of $374.89 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, analysts expect that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.64 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $2.56 annualized dividend and a yield of 17.4%. FS KKR Capital’s dividend payout ratio is presently 263.92%.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.