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

FS KKR Capital Corp. (NYSE:FSK) has received an average rating of “Reduce” from the nine research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $14.1429.

A number of brokerages recently commented on FSK. Weiss Ratings cut 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 target price on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Royal Bank Of Canada reduced their target price on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, February 27th. Wells Fargo & Company decreased their target price on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Finally, Truist Financial lowered their price target on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th.

FS KKR Capital Price Performance

Shares of FSK stock opened at $10.45 on Thursday. The firm’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $14.84. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. FS KKR Capital has a 52-week low of $10.16 and a 52-week high of $22.68. The stock has a market cap of $2.93 billion, a PE ratio of 348.47 and a beta of 0.86.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). The business had revenue of $348.00 million for the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.66 EPS. As a group, analysts forecast that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be paid a $0.03 dividend. This represents a yield of 1,595.0%. The ex-dividend date of this dividend is Wednesday, March 18th. FS KKR Capital’s dividend payout ratio is presently 6,000.00%.

Insider Buying and Selling

In other news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were bought at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the acquisition, the insider owned 64,800 shares in the company, valued at approximately $729,000. This trade represents a 8.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at $26,000. Beacon Capital Management Inc. bought a new position in FS KKR Capital during the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in FS KKR Capital in the fourth quarter valued at about $26,000. Jessup Wealth Management Inc acquired a new position in FS KKR Capital in the fourth quarter valued at about $26,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

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.