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

Shares of FS KKR Capital Corp. (NYSE:FSK) have earned an average recommendation of “Reduce” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.3571.

A number of equities analysts recently issued reports on FSK shares. B. Riley Financial decreased their price target on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Wells Fargo & Company reduced their target price on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Weiss Ratings cut FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. Truist Financial dropped their price target on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. reduced their price target on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, March 13th.

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average cost of $11.25 per share, with a total value of $56,250.00. Following the transaction, the insider directly owned 64,800 shares in the company, valued at approximately $729,000. The trade was a 8.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Beacon Capital Management Inc. bought a new position in shares of FS KKR Capital during the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of FS KKR Capital in the 4th quarter worth approximately $26,000. Jessup Wealth Management Inc bought a new position in FS KKR Capital during the 4th quarter valued at approximately $26,000. FNY Investment Advisers LLC purchased a new position in FS KKR Capital during the fourth quarter valued at $28,000. Finally, Eastern Bank raised its stake in FS KKR Capital by 355.6% during the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 1,561 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Down 0.1%

Shares of FS KKR Capital stock opened at $9.91 on Monday. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.31. FS KKR Capital has a 12-month low of $9.72 and a 12-month high of $22.68. The company has a market cap of $2.77 billion, a P/E ratio of 330.17 and a beta of 0.86. The company’s fifty day simple moving average is $12.22 and its two-hundred day simple moving average is $14.16.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. The company had revenue of $348.00 million for the quarter, compared to the consensus estimate of $361.59 million. During the same period in the previous year, the firm posted $0.66 EPS. Research analysts anticipate that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 18th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a dividend yield of 118.0%. FS KKR Capital’s dividend payout ratio is currently 6,000.00%.

About FS KKR Capital

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.