FS KKR Capital Corp. (NYSE:FSK) Receives $11.43 Average Price Target from Analysts

FS KKR Capital Corp. (NYSE:FSK) has been given a consensus recommendation of “Reduce” by the eight analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $11.4286.

A number of equities analysts have weighed in on FSK shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. JPMorgan Chase & Co. increased their target price on shares of FS KKR Capital from $9.50 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday, August 12th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jessup Wealth Management Inc bought a new stake in FS KKR Capital in the fourth quarter valued at approximately $26,000. Triumph Capital Management boosted its stake in shares of FS KKR Capital by 98.1% during the 2nd quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock worth $27,000 after acquiring an additional 1,275 shares during the period. Harborfront Financial Group LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter worth approximately $30,000. Basepoint Wealth LLC acquired a new position in shares of FS KKR Capital during the 4th quarter worth approximately $31,000. Finally, Smartleaf Asset Management LLC raised its stake in FS KKR Capital by 201.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,678 shares of the company’s stock valued at $40,000 after acquiring an additional 1,789 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Up 1.3%

FSK opened at $12.42 on Thursday. The stock has a market capitalization of $3.43 billion, a P/E ratio of -9.20 and a beta of 0.83. 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 has a 12 month low of $9.72 and a 12 month high of $18.25. The firm’s fifty day simple moving average is $11.22 and its 200 day simple moving average is $11.06.

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

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Wednesday, September 16th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 14.2%. The ex-dividend date is Wednesday, September 16th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.42. FS KKR Capital’s dividend payout ratio is -124.44%.

About FS KKR Capital

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.