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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $17.75.

A number of equities research analysts have recently commented on FSK shares. Zacks Research raised FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. Royal Bank Of Canada cut their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. cut their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods cut their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th.

Institutional Investors Weigh In On FS KKR Capital

Institutional investors have recently modified their holdings of the business. Beacon Capital Management Inc. purchased a new stake in shares of FS KKR Capital during the second quarter valued at $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of FS KKR Capital during the second quarter valued at $26,000. Flaharty Asset Management LLC purchased a new stake in shares of FS KKR Capital during the first quarter valued at $29,000. Trust Co. of Vermont boosted its position in shares of FS KKR Capital by 51.0% during the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after buying an additional 515 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of FS KKR Capital during the first quarter valued at $34,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Down 2.3%

Shares of FSK stock opened at $14.96 on Monday. The business’s fifty day moving average is $17.64 and its 200 day moving average is $19.62. FS KKR Capital has a twelve month low of $14.76 and a twelve month high of $24.10. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31.

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 company had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same period in the prior year, the company posted $0.75 earnings per share. As a group, sell-side analysts predict that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Wednesday, September 17th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 18.7%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Wednesday, September 17th. FS KKR Capital’s payout ratio is 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.