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

FS KKR Capital Corp. (NYSE:FSK) has been given an average recommendation of “Reduce” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $18.9167.

Several research analysts have commented on the stock. B. Riley assumed coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 target price for the company. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods reduced their target price on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company dropped their price target on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, August 8th. Finally, Zacks Research raised shares of FS KKR Capital to a “strong sell” rating in a research report on Friday, August 8th.

Hedge Funds Weigh In On FS KKR Capital

A number of institutional investors and hedge funds have recently bought and sold shares of FSK. Mirae Asset Global Investments Co. Ltd. boosted its stake in FS KKR Capital by 35.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock worth $607,000 after buying an additional 7,620 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in FS KKR Capital during the first quarter worth $6,383,000. Oppenheimer & Co. Inc. boosted its stake in FS KKR Capital by 5.9% during the first quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock worth $356,000 after buying an additional 945 shares in the last quarter. Stifel Financial Corp boosted its stake in FS KKR Capital by 18.2% during the fourth quarter. Stifel Financial Corp now owns 345,606 shares of the company’s stock worth $7,507,000 after buying an additional 53,110 shares in the last quarter. Finally, BridgePort Financial Solutions LLC acquired a new stake in FS KKR Capital during the fourth quarter worth $385,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $17.48 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. The company’s 50-day moving average price is $20.78 and its two-hundred day moving average price is $21.08. FS KKR Capital has a 52 week low of $17.40 and a 52 week high of $24.10.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). The company had revenue of $398.00 million for the quarter, compared to analyst estimates of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same period in the previous year, the business posted $0.75 EPS. As a group, analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Wednesday, September 17th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 16.0%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, September 17th. FS KKR Capital’s payout ratio is presently 328.21%.

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.