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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given an average rating of “Reduce” by the nine research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.3571.

Several equities research analysts have issued reports on the company. Royal Bank Of Canada dropped their price target 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, February 28th. Weiss Ratings downgraded FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Keefe, Bruyette & Woods cut their target price on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating for the company in a research note on Monday, March 2nd. Finally, Zacks Research cut shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction that occurred 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 acquisition, the insider owned 64,800 shares in the company, valued at approximately $729,000. This trade represents a 8.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

Hedge funds have recently added to or reduced their stakes in the business. Beacon Capital Management Inc. bought a new stake in shares of FS KKR Capital in the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in FS KKR Capital in the 4th quarter worth approximately $26,000. Jessup Wealth Management Inc purchased a new stake in FS KKR Capital in the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital in the 4th quarter worth approximately $28,000. Finally, Eastern Bank increased its stake in shares of FS KKR Capital by 355.6% during the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 1,561 shares during the period. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Price Performance

FSK stock opened at $9.91 on Monday. The firm has a 50 day simple moving average of $12.22 and a two-hundred day simple moving average of $14.16. The stock has a market cap of $2.77 billion, a PE ratio of 330.17 and a beta of 0.86. FS KKR Capital has a one year low of $9.72 and a one year high of $22.68. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share 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 last year, the business posted $0.66 EPS. On average, analysts predict that FS KKR Capital will post 2.89 EPS 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. Stockholders of record on Wednesday, March 18th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a dividend yield of 118.0%. FS KKR Capital’s dividend payout ratio is 6,000.00%.

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.