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

FS KKR Capital Corp. (NYSE:FSK) has earned a consensus recommendation of “Reduce” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.43.

Several analysts have weighed in on the company. 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. Truist Financial upped their target price on FS KKR Capital from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Wells Fargo & Company lowered 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 report on Tuesday, September 29th. Royal Bank Of Canada reissued 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. Finally, Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th.

Hedge Funds Weigh In On FS KKR Capital

A number of institutional investors have recently added to or reduced their stakes in the company. Saba Capital Management L.P. bought a new stake in shares of FS KKR Capital during the 1st quarter valued at $35,729,000. Legal & General Group Plc purchased a new stake in shares of FS KKR Capital in the 2nd quarter worth about $28,742,000. Silver Point Capital L.P. bought a new position in shares of FS KKR Capital in the 2nd quarter worth about $28,602,000. Cura Wealth Advisors LLC bought a new position in shares of FS KKR Capital in the 2nd quarter worth about $22,391,000. Finally, Rivernorth Capital Management LLC increased its stake in shares of FS KKR Capital by 580.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 2,097,170 shares of the company’s stock worth $21,349,000 after acquiring an additional 1,789,090 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 4.4%

Shares of FSK opened at $10.53 on Friday. The firm’s 50-day moving average price is $11.48 and its 200-day moving average price is $11.07. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 5.22 and a beta of 0.86. 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 1-year low of $9.72 and a 1-year high of $16.31.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $290.00 million for the quarter, compared to analysts’ expectations of $286.75 million. During the same quarter in the previous year, the company earned ($0.75) earnings per share. Sell-side analysts anticipate that FS KKR Capital will post 1.64 EPS for the current year.

FS KKR Capital Dividend Announcement

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

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.