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

Shares of FS KKR Capital Corp. (NYSE:FSK) have earned a consensus rating of “Reduce” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.50.

Several equities research analysts have recently issued reports on FSK shares. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price for the company in a report on Monday, October 6th. Wall Street Zen raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. dropped their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada reduced their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, November 14th. Finally, Keefe, Bruyette & Woods dropped their price objective on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 10th.

FS KKR Capital Stock Up 1.4%

Shares of NYSE FSK opened at $15.84 on Tuesday. FS KKR Capital has a 1-year low of $14.05 and a 1-year high of $24.10. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day moving average is $15.19 and its two-hundred day moving average is $18.42.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $373.00 million during the quarter, compared to analysts’ expectations of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same quarter in the previous year, the business earned $0.74 EPS. As a group, analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 16.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is currently 263.92%.

Insider Activity

In related news, insider Daniel Pietrzak purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $15.15 per share, with a total value of $151,500.00. Following the completion of the purchase, the insider owned 59,800 shares of the company’s stock, valued at approximately $905,970. The trade was a 20.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael C. Forman acquired 10,000 shares of FS KKR Capital stock in a transaction on Tuesday, November 11th. The shares were purchased at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the completion of the acquisition, the chief executive officer directly owned 24,220 shares in the company, valued at $375,410. This trade represents a 70.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 20,330 shares of company stock valued at $312,480. 0.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

Several large investors have recently modified their holdings of the business. CCLA Investment Management bought a new position in shares of FS KKR Capital during the second quarter valued at approximately $33,463,000. Balyasny Asset Management L.P. purchased a new stake in FS KKR Capital during the third quarter worth $21,917,000. Van ECK Associates Corp boosted its position in FS KKR Capital by 23.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock valued at $59,566,000 after acquiring an additional 752,956 shares in the last quarter. Gateway Wealth Partners LLC increased its holdings in shares of FS KKR Capital by 4,863.0% in the 3rd quarter. Gateway Wealth Partners LLC now owns 723,508 shares of the company’s stock valued at $10,802,000 after acquiring an additional 708,930 shares during the period. Finally, North Ground Capital increased its holdings in shares of FS KKR Capital by 3,743.8% in the 3rd quarter. North Ground Capital now owns 615,000 shares of the company’s stock valued at $9,182,000 after acquiring an additional 599,000 shares during the period. Institutional investors own 36.26% of the company’s stock.

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.