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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $20.06.

Several analysts recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Compass Point downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price target for the company from $21.50 to $19.50 in a research report on Tuesday, February 27th. Wells Fargo & Company lifted their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, Hovde Group reaffirmed a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, February 28th.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the purchase, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Center for Financial Planning Inc. grew its holdings in shares of FS KKR Capital by 147.6% during the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after purchasing an additional 1,179 shares in the last quarter. Planned Solutions Inc. purchased a new position in shares of FS KKR Capital during the fourth quarter worth about $40,000. Worth Asset Management LLC purchased a new position in shares of FS KKR Capital during the first quarter worth about $43,000. Retirement Group LLC purchased a new position in shares of FS KKR Capital during the fourth quarter worth about $39,000. Finally, Provence Wealth Management Group purchased a new position in shares of FS KKR Capital during the third quarter worth about $45,000. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $18.95 on Friday. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 7.61 and a beta of 1.24. FS KKR Capital has a 52 week low of $17.50 and a 52 week high of $20.99. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $19.64 and a 200-day moving average of $19.75.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. During the same quarter last year, the firm posted $0.81 EPS. On average, equities analysts forecast that FS KKR Capital will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 13.51%. The ex-dividend date of this dividend is Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is currently 102.81%.

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.