FS KKR Capital (NYSE:FSK) Now Covered by Analysts at B. Riley

B. Riley began coverage on shares of FS KKR Capital (NYSE:FSK) in a research note issued to investors on Tuesday morning. The brokerage issued a neutral rating and a $19.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada lifted their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price target on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced their target price on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, Oppenheimer reduced their target price on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.67.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $20.79 on Tuesday. The stock has a market cap of $5.82 billion, a PE ratio of 11.06 and a beta of 0.98. FS KKR Capital has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a fifty day moving average of $20.24 and a 200-day moving average of $21.39.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $400.00 million during the quarter, compared to analysts’ expectations of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. Equities research analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 12.31%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital’s payout ratio is 134.74%.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its position in FS KKR Capital by 86.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after buying an additional 104,016 shares during the last quarter. Inspire Advisors LLC lifted its holdings in shares of FS KKR Capital by 28.6% in the 4th quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock worth $2,387,000 after acquiring an additional 24,443 shares during the last quarter. Proactive Wealth Strategies LLC lifted its holdings in shares of FS KKR Capital by 24.8% in the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock worth $1,411,000 after acquiring an additional 12,926 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock worth $4,473,000 after acquiring an additional 27,110 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of FS KKR Capital in the 4th quarter worth approximately $348,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.