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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given an average recommendation of “Reduce” by the eight analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $11.43.

FSK has been the topic of a number of recent analyst reports. Truist Financial upped their price target on shares of FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Capital One Financial set a $12.00 price target on FS KKR Capital in a research report on Friday, August 7th. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of FS KKR Capital from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a report on Friday, August 28th.

Institutional Investors Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently bought and sold shares of FSK. Van ECK Associates Corp raised its holdings in FS KKR Capital by 13.4% in the 2nd quarter. Van ECK Associates Corp now owns 5,382,748 shares of the company’s stock worth $56,519,000 after purchasing an additional 636,889 shares in the last quarter. Saba Capital Management L.P. bought a new position in FS KKR Capital in the 1st quarter worth $35,729,000. Legal & General Group Plc grew its stake in FS KKR Capital by 15.3% during the fourth quarter. Legal & General Group Plc now owns 2,296,070 shares of the company’s stock valued at $33,993,000 after acquiring an additional 304,556 shares in the last quarter. Silver Point Capital L.P. bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at approximately $28,602,000. Finally, Cura Wealth Advisors LLC bought a new stake in FS KKR Capital in the second quarter worth about $22,391,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Trading Up 0.7%

FSK opened at $11.24 on Monday. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -8.33 and a beta of 0.83. The stock’s 50 day moving average price is $11.70 and its 200-day moving average price is $11.00. FS KKR Capital has a one year low of $9.72 and a one year high of $16.31. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $290.00 million during the quarter, compared to analysts’ expectations of $286.75 million. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. During the same period in the previous year, the company earned ($0.75) EPS. On average, equities analysts forecast that FS KKR Capital will post 1.64 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Wednesday, September 16th will be given a dividend of $0.44 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, September 16th. This represents a $1.76 annualized dividend and a dividend yield of 15.7%. FS KKR Capital’s payout ratio is currently -130.37%.

About FS KKR Capital

FS KKR Capital Corp. (NYSE: FSK) is a business development company that provides financing to private middle-market companies, primarily in the United States. The company seeks to support businesses across a range of industries by investing in senior secured loans, subordinated debt and, to a lesser extent, equity securities.

FSK’s portfolio is generally focused on established companies with annual revenues and earnings that may require capital for acquisitions, recapitalizations, growth initiatives, refinancings and other corporate purposes.