FS KKR Capital (NYSE:FSK) Given New $11.00 Price Target at B. Riley Financial

FS KKR Capital (NYSE:FSK) had its target price trimmed by B. Riley Financial from $17.50 to $11.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

FSK has been the topic of several other research reports. 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. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating on the stock in a research note on Monday. Royal Bank Of Canada lowered their price objective on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, February 27th. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wells Fargo & Company decreased their price target on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.67.

FS KKR Capital Trading Up 0.9%

Shares of FSK opened at $10.95 on Tuesday. FS KKR Capital has a 12 month low of $10.28 and a 12 month high of $23.07. The stock’s 50-day moving average is $13.76 and its two-hundred day moving average is $15.12. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. The company had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $361.59 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. On average, research analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th will be given a dividend of $0.03 per share. This represents a dividend yield of 1,595.0%. The ex-dividend date of this dividend is Wednesday, March 18th. FS KKR Capital’s dividend payout ratio is currently 8,533.33%.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $11.25 per share, with a total value of $56,250.00. Following the completion of the acquisition, the insider directly owned 64,800 shares of the company’s stock, valued at approximately $729,000. The trade was a 8.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.

Institutional Trading of FS KKR Capital

Several hedge funds have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in FS KKR Capital in the second quarter worth $26,000. Beacon Capital Management Inc. acquired a new stake in shares of FS KKR Capital in the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in FS KKR Capital in the 4th quarter valued at about $26,000. Jessup Wealth Management Inc acquired a new position in FS KKR Capital during the 4th quarter valued at about $26,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $28,000. Institutional investors own 36.26% of the company’s stock.

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.