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

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

A number of equities analysts have recently weighed in on FSK shares. JPMorgan Chase & Co. lowered their price target on FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada lowered their target price on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Wells Fargo & Company raised their target price on FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Compass Point cut FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their target price for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Finally, Hovde Group restated a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th.

FS KKR Capital Stock Up 0.7 %

Shares of NYSE:FSK opened at $18.95 on Friday. The stock has a market cap of $5.31 billion, a P/E ratio of 7.61 and a beta of 1.24. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. FS KKR Capital has a 52-week low of $17.50 and a 52-week high of $20.99. The business has a fifty day moving average of $19.64 and a two-hundred day moving average of $19.75.

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

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 13.51%. The ex-dividend date of this dividend is Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is presently 102.81%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSK. Center for Financial Planning Inc. lifted its position in shares of FS KKR Capital by 147.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after buying an additional 1,179 shares during the last quarter. Planned Solutions Inc. purchased a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $40,000. Worth Asset Management LLC purchased a new stake in shares of FS KKR Capital during the 1st quarter worth approximately $43,000. Retirement Group LLC purchased a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $39,000. Finally, Provence Wealth Management Group purchased a new stake in shares of FS KKR Capital during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

About FS KKR Capital

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.