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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.50.

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 10th. 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Royal Bank Of Canada dropped their target price 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 decreased their price target on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a research note on Monday, November 10th.

Insider Buying and Selling at FS KKR Capital

In other news, CEO Michael C. Forman bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the purchase, the chief executive officer owned 24,220 shares of the company’s stock, valued at approximately $375,410. This trade represents a 70.32% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel Pietrzak purchased 10,000 shares of FS KKR Capital stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $15.15 per share, with a total value of $151,500.00. Following the acquisition, the insider directly owned 59,800 shares of the company’s stock, valued at $905,970. This trade represents a 20.08% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of FS KKR Capital by 19.6% during the third quarter. Allworth Financial LP now owns 20,002 shares of the company’s stock worth $299,000 after acquiring an additional 3,271 shares during the period. Strategic Advocates LLC acquired a new stake in FS KKR Capital during the 3rd quarter worth approximately $38,000. CIBC Bancorp USA Inc. bought a new stake in FS KKR Capital in the 3rd quarter valued at $198,000. Alpine Global Management LLC acquired a new position in FS KKR Capital in the 3rd quarter valued at $1,477,000. Finally, Sunbelt Securities Inc. grew its holdings in FS KKR Capital by 57.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 52,700 shares of the company’s stock valued at $787,000 after buying an additional 19,253 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

FSK stock opened at $14.68 on Friday. The stock has a 50-day moving average price of $15.33 and a two-hundred day moving average price of $17.73. FS KKR Capital has a 1 year low of $14.05 and a 1 year high of $24.10. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The company had revenue of $373.00 million during the quarter, compared to analysts’ expectations of $374.89 million. During the same period in the prior year, the firm earned $0.74 earnings per share. Analysts expect that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a $0.64 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $2.56 annualized dividend and a dividend yield of 17.4%. FS KKR Capital’s dividend payout ratio (DPR) is currently 263.92%.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.