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

FS KKR Capital Corp. (NYSE:FSK) has been given a consensus rating of “Reduce” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.1429.

A number of brokerages have recently issued reports on FSK. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Zacks Research downgraded FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, February 27th. Truist Financial lowered their target price on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada reduced their price target on shares of FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, February 27th.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction on Friday, February 27th. The shares were bought at an average price of $11.25 per share, with a total value of $56,250.00. Following the transaction, the insider directly owned 64,800 shares of the company’s stock, valued at approximately $729,000. This trade represents a 8.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of FS KKR Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CCLA Investment Management increased its position in shares of FS KKR Capital by 5.6% during the 3rd quarter. CCLA Investment Management now owns 1,703,635 shares of the company’s stock worth $25,435,000 after purchasing an additional 90,167 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of FS KKR Capital by 58.2% during the second quarter. Geneos Wealth Management Inc. now owns 559,345 shares of the company’s stock worth $11,606,000 after purchasing an additional 205,823 shares during the last quarter. Corient Private Wealth LLC increased its position in FS KKR Capital by 291.1% in the 2nd quarter. Corient Private Wealth LLC now owns 48,324 shares of the company’s stock valued at $1,003,000 after acquiring an additional 35,968 shares in the last quarter. AA Financial Advisors LLC raised its position in FS KKR Capital by 24.9% in the 3rd quarter. AA Financial Advisors LLC now owns 185,859 shares of the company’s stock worth $2,775,000 after purchasing an additional 37,001 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of FS KKR Capital by 19.1% in the 2nd quarter. Franklin Resources Inc. now owns 539,022 shares of the company’s stock valued at $11,185,000 after purchasing an additional 86,456 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

FSK opened at $11.02 on Thursday. FS KKR Capital has a twelve month low of $10.28 and a twelve month high of $22.95. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. The firm’s 50-day moving average price is $13.69 and its 200 day moving average price is $15.09.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.During the same period last year, the business earned $0.66 earnings per share. As a group, equities analysts expect that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

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

FS KKR Capital Company Profile

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.