FS KKR Capital Corp. (NYSE:FSK) Given Average Recommendation of “Reduce” by Analysts

FS KKR Capital Corp. (NYSE:FSK) has been assigned an average rating of “Reduce” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.67.

Several research firms have commented on FSK. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Monday, April 28th. Oppenheimer dropped their target price on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. JPMorgan Chase & Co. cut their target price on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. B. Riley started coverage on FS KKR Capital in a research note on Tuesday. They set a “neutral” rating and a $19.00 price target for the company. Finally, Royal Bank of Canada boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd.

FS KKR Capital Price Performance

FSK stock opened at $20.79 on Friday. The company has a fifty day simple moving average of $20.24 and a two-hundred day simple moving average of $21.39. FS KKR Capital has a 52 week low of $17.42 and a 52 week high of $24.10. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $5.82 billion, a P/E ratio of 11.06 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $400.00 million for the quarter, compared to analysts’ expectations of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. Analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.64 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.31%. FS KKR Capital’s payout ratio is 134.74%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Kingswood Wealth Advisors LLC increased its position in FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after purchasing an additional 104,016 shares during the period. Inspire Advisors LLC boosted its stake in shares of FS KKR Capital by 28.6% during the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock valued at $2,387,000 after purchasing an additional 24,443 shares in the last quarter. Proactive Wealth Strategies LLC increased its holdings in FS KKR Capital by 24.8% during the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock valued at $1,411,000 after buying an additional 12,926 shares during the period. Graypoint LLC lifted its holdings in FS KKR Capital by 23.1% during the fourth quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after buying an additional 26,174 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in FS KKR Capital by 15.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock valued at $4,473,000 after acquiring an additional 27,110 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.