Brokerages Set FS KKR Capital Corp. (NYSE:FSK) PT at $11.43

Shares of FS KKR Capital Corp. (NYSE:FSK) have earned a consensus rating of “Reduce” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $11.4286.

Several equities research analysts have commented on the stock. Capital One Financial set a $12.00 price target on shares of FS KKR Capital in a research report on Friday, August 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 target price (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday, August 12th. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th.

FS KKR Capital Price Performance

Shares of FSK opened at $11.21 on Monday. The stock has a market capitalization of $3.10 billion, a P/E ratio of -8.30 and a beta of 0.83. FS KKR Capital has a twelve month low of $9.72 and a twelve month high of $16.31. The company has a 50 day moving average of $11.69 and a 200-day moving average of $10.99. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. The business had revenue of $290.00 million for the quarter, compared to analyst estimates of $286.75 million. During the same quarter in the previous year, the firm posted ($0.75) earnings per share. As a group, equities research analysts forecast that FS KKR Capital will post 1.64 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Wednesday, September 16th will be paid a $0.44 dividend. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 15.7%. The ex-dividend date of this dividend is Wednesday, September 16th. FS KKR Capital’s dividend payout ratio (DPR) is -130.37%.

Institutional Trading of FS KKR Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of FS KKR Capital by 13.4% in the 2nd quarter. Van ECK Associates Corp now owns 5,382,748 shares of the company’s stock valued at $56,519,000 after acquiring an additional 636,889 shares during the period. Saba Capital Management L.P. bought a new stake in shares of FS KKR Capital in the 1st quarter valued at about $35,729,000. Legal & General Group Plc lifted its stake in FS KKR Capital by 15.3% in the 4th quarter. Legal & General Group Plc now owns 2,296,070 shares of the company’s stock valued at $33,993,000 after purchasing an additional 304,556 shares during the last quarter. Silver Point Capital L.P. bought a new position in FS KKR Capital during the second quarter worth about $28,602,000. Finally, Cura Wealth Advisors LLC bought a new position in FS KKR Capital during the second quarter worth about $22,391,000. 36.26% of the stock is owned by institutional investors.

About FS KKR Capital

FS KKR Capital Corp. (NYSE: FSK) is a business development company that provides financing to private middle-market companies, primarily in the United States. The company seeks to support businesses across a range of industries by investing in senior secured loans, subordinated debt and, to a lesser extent, equity securities.

FSK’s portfolio is generally focused on established companies with annual revenues and earnings that may require capital for acquisitions, recapitalizations, growth initiatives, refinancings and other corporate purposes.