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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given a consensus rating of “Reduce” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $19.50.

Several research analysts have weighed in on FSK shares. Royal Bank of Canada decreased their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. B. Riley began coverage on FS KKR Capital in a report on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company lowered their price target on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Monday, April 28th. Finally, Oppenheimer reduced their price objective on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Friday, May 9th.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds have recently made changes to their positions in the business. Flaharty Asset Management LLC acquired a new position in shares of FS KKR Capital during the 1st quarter worth about $29,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in FS KKR Capital during the fourth quarter worth approximately $33,000. Fourth Dimension Wealth LLC acquired a new position in FS KKR Capital during the fourth quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd bought a new stake in FS KKR Capital in the first quarter valued at approximately $34,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of FS KKR Capital in the first quarter valued at approximately $42,000. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Price Performance

FSK opened at $21.10 on Tuesday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital has a twelve month low of $17.42 and a twelve month high of $24.10. The company has a fifty day simple moving average of $20.14 and a 200 day simple moving average of $21.44. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 11.22 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. During the same period in the prior year, the company posted $0.62 EPS. FS KKR Capital’s quarterly revenue was down 7.8% on a year-over-year basis. Equities research analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be given a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.13%. FS KKR Capital’s dividend payout ratio is 134.74%.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.