FS KKR Capital Corp. (NYSE:FSK) Receives $13.36 Consensus Price Target from Analysts

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

Several analysts recently weighed in on FSK shares. JPMorgan Chase & Co. decreased their price target on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, March 13th. Weiss Ratings lowered shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. B. Riley Financial cut their price objective on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Royal Bank Of Canada lowered their target price on shares of FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, February 27th.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the transaction, the insider owned 64,800 shares in the company, valued at $729,000. This trade represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSK. CCLA Investment Management boosted its holdings in shares of FS KKR Capital by 5.6% in the third quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock valued at $25,435,000 after purchasing an additional 90,167 shares during the period. Bulldog Investors LLP purchased a new stake in shares of FS KKR Capital in the 3rd quarter worth $3,600,000. Geneos Wealth Management Inc. grew its position in shares of FS KKR Capital by 58.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 559,345 shares of the company’s stock worth $11,606,000 after buying an additional 205,823 shares in the last quarter. AA Financial Advisors LLC raised its holdings in shares of FS KKR Capital by 24.9% in the third quarter. AA Financial Advisors LLC now owns 185,859 shares of the company’s stock valued at $2,775,000 after acquiring an additional 37,001 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of FS KKR Capital by 291.1% in the 2nd quarter. Corient Private Wealth LLC now owns 48,324 shares of the company’s stock valued at $1,003,000 after purchasing an additional 35,968 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Down 0.0%

FSK opened at $10.51 on Monday. The firm has a market cap of $2.94 billion, a P/E ratio of 350.27 and a beta of 0.83. FS KKR Capital has a 12 month low of $9.72 and a 12 month high of $22.68. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average of $11.80 and a 200 day moving average of $13.92.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The company had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same quarter last year, the company earned $0.66 earnings per share. As a group, research analysts forecast that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th were paid a dividend of $0.03 per share. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend was Wednesday, March 18th. FS KKR Capital’s dividend payout ratio (DPR) 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.