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

FS KKR Capital Corp. (NYSE:FSK) has been given an average rating of “Reduce” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.4167.

Several analysts have recently commented on FSK shares. Keefe, Bruyette & Woods dropped their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada decreased their target price on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 26th. Wells Fargo & Company lowered 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 report on Friday, August 8th. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Zacks Research raised FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors have recently made changes to their positions in the company. NWF Advisory Services Inc. boosted its holdings in FS KKR Capital by 16.5% during the second quarter. NWF Advisory Services Inc. now owns 20,547 shares of the company’s stock worth $426,000 after buying an additional 2,909 shares in the last quarter. Osaic Holdings Inc. increased its holdings in FS KKR Capital by 6.3% in the second quarter. Osaic Holdings Inc. now owns 1,137,986 shares of the company’s stock valued at $23,617,000 after buying an additional 67,785 shares in the last quarter. Beacon Capital Management Inc. acquired a new position in shares of FS KKR Capital in the second quarter worth about $26,000. Centaurus Financial Inc. boosted its stake in shares of FS KKR Capital by 178.4% during the 2nd quarter. Centaurus Financial Inc. now owns 24,001 shares of the company’s stock worth $498,000 after acquiring an additional 15,380 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of FS KKR Capital during the 2nd quarter worth about $565,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

Shares of FSK stock opened at $17.77 on Thursday. FS KKR Capital has a fifty-two week low of $17.35 and a fifty-two week high of $24.10. 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 stock’s 50-day simple moving average is $19.72 and its 200-day simple moving average is $20.41.

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

FS KKR Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a yield of 15.8%. FS KKR Capital’s dividend payout ratio is presently 328.21%.

FS KKR Capital Company Profile

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.