FS KKR Capital Corp. (NYSE:FSK) Receives $12.50 Consensus Target Price from Brokerages

FS KKR Capital Corp. (NYSE:FSK) has been given a consensus recommendation of “Reduce” by the nine brokerages that are currently covering the company, MarketBeat 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 target price among analysts that have issued a report on the stock in the last year is $12.50.

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Truist Financial reduced their target price on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Keefe, Bruyette & Woods reduced their target price on shares of FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Royal Bank Of Canada cut their price objective on shares of FS KKR Capital from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, April 6th.

Insider Buying and Selling

In other news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the acquisition, the insider directly owned 64,800 shares of the company’s stock, valued at $729,000. This represents a 8.36% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in FS KKR Capital in the 4th quarter worth $26,000. Jessup Wealth Management Inc acquired a new position in FS KKR Capital in the 4th quarter worth $26,000. FNY Investment Advisers LLC acquired a new position in FS KKR Capital in the 4th quarter worth $28,000. Eastern Bank lifted its holdings in FS KKR Capital by 355.6% in the 3rd quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,561 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in FS KKR Capital in the 4th quarter worth $31,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

NYSE:FSK opened at $11.26 on Friday. 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 firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 375.17 and a beta of 0.83. The firm’s fifty day simple moving average is $10.76 and its 200 day simple moving average is $13.37. FS KKR Capital has a twelve month low of $9.72 and a twelve month high of $22.68.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share 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 analyst estimates 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, equities research analysts expect that FS KKR Capital will post 1.7 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s payout ratio is currently 6,000.00%.

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.