FS KKR Capital Corp. (NYSE:FSK) Stock Has Consensus Price Target of $11.43 According to Analysts

Shares of FS KKR Capital Corp. (NYSE:FSK) have received an average recommendation of “Reduce” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.43.

A number of equities analysts have recently weighed in on FSK shares. Truist Financial boosted their price objective on shares of FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a research note on Friday, August 28th. Wells Fargo & Company cut shares of FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 target price for the company. in a research note on Tuesday, September 29th. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 target price (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday, August 12th.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $10.13 on Friday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -7.50 and a beta of 0.86. The stock has a 50 day simple moving average of $11.56 and a 200-day simple moving average of $11.07. FS KKR Capital has a 12-month low of $9.72 and a 12-month high of $16.31. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.43 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned ($0.75) EPS. On average, equities analysts forecast that FS KKR Capital will post 1.64 EPS for the current year.

FS KKR Capital Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, December 24th. Stockholders of record on Wednesday, December 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a dividend yield of 1,633.0%. FS KKR Capital’s dividend payout ratio is currently -130.37%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Triumph Capital Management grew its stake in shares of FS KKR Capital by 98.1% in the second quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock worth $27,000 after purchasing an additional 1,275 shares in the last quarter. Harborfront Financial Group LLC acquired a new stake in FS KKR Capital in the second quarter worth about $30,000. Northwestern Mutual Wealth Management Co. acquired a new stake in FS KKR Capital in the second quarter worth about $53,000. Fifth Third Bancorp bought a new position in FS KKR Capital in the 1st quarter valued at about $65,000. Finally, Continuum Advisory LLC acquired a new position in FS KKR Capital during the 2nd quarter valued at about $76,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

About FS KKR Capital

FS KKR Capital Corp. (NYSE: FSK) is a business development company (BDC) that provides financing to private middle-market companies. The company primarily invests in senior secured loans and other debt instruments, while also making select equity investments. Its portfolio companies generally operate across a range of industries and are typically based in the United States.

FSK is externally managed by FS/KKR Advisor, LLC, a joint venture between FS Investments and KKR. The adviser combines FS Investments’ experience in serving individual and institutional investors with KKR’s global investment platform and private credit capabilities.

The company traces its history to FS Investment Corporation and Corporate Capital Trust, which combined in 2018 to create FS KKR Capital Corp.