Analysts Set FS KKR Capital Corp. (NYSE:FSK) PT at $13.36

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

FSK has been the topic of several recent research reports. Weiss Ratings lowered shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Royal Bank Of Canada dropped 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. Keefe, Bruyette & Woods cut their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating on the stock in a report on Monday, March 2nd. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Zacks Research cut shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was purchased at an average price of $11.25 per share, with a total value of $56,250.00. Following the completion of the transaction, the insider directly owned 64,800 shares of the company’s stock, valued at $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 SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Institutional Trading of FS KKR Capital

A number of institutional investors and hedge funds have recently modified their holdings of FSK. Northwestern Mutual Wealth Management Co. raised its holdings in FS KKR Capital by 55,074.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,741,004 shares of the company’s stock worth $114,644,000 after acquiring an additional 7,726,974 shares during the period. Oak Hill Advisors LP bought a new stake in FS KKR Capital during the fourth quarter valued at about $38,659,000. Balyasny Asset Management L.P. acquired a new stake in shares of FS KKR Capital in the third quarter valued at about $21,917,000. Marshall Wace LLP bought a new position in shares of FS KKR Capital in the fourth quarter worth about $14,842,000. Finally, Van ECK Associates Corp increased its stake in shares of FS KKR Capital by 23.3% in the third quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock worth $59,566,000 after purchasing an additional 752,956 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $10.51 on Monday. The business’s 50-day moving average price is $11.80 and its two-hundred day moving average price is $13.95. 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 has a one year low of $9.72 and a one year high of $22.68. The company has a market capitalization of $2.94 billion, a P/E ratio of 350.27 and a beta of 0.83.

FS KKR Capital (NYSE:FSK) last posted its quarterly 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 firm had revenue of $348.00 million for 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. Analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th were paid a $0.03 dividend. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend was Wednesday, March 18th. FS KKR Capital’s dividend payout ratio (DPR) is presently 6,000.00%.

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.