Brokerages Set FS KKR Capital Corp. (NYSE:FSK) Target Price at $14.14

FS KKR Capital Corp. (NYSE:FSK) has earned an average rating of “Reduce” from the nine research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.1429.

Several analysts recently issued reports on the stock. Weiss Ratings lowered shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Zacks Research cut shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. B. Riley Financial reduced their price target on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Royal Bank Of Canada decreased their price objective on shares of FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, February 27th. Finally, Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $11.25 per share, with a total value of $56,250.00. Following the completion of the purchase, the insider owned 64,800 shares of the company’s stock, valued at $729,000. This represents a 8.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds have recently bought and sold shares of the company. Beacon Capital Management Inc. acquired a new stake in FS KKR Capital during the 2nd quarter worth approximately $26,000. Atlantic Union Bankshares Corp purchased a new stake in FS KKR Capital during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in FS KKR Capital during the 4th quarter worth about $26,000. Jessup Wealth Management Inc acquired a new stake in FS KKR Capital in the 4th quarter valued at about $26,000. Finally, FNY Investment Advisers LLC acquired a new stake in FS KKR Capital in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

FSK stock opened at $10.79 on Thursday. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31. The firm’s 50 day moving average price is $13.46 and its 200-day moving average price is $14.93. FS KKR Capital has a one year low of $10.28 and a one year high of $22.84.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). The business had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, equities research analysts forecast that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.03 per share. This represents a yield of 1,595.0%. The ex-dividend date is Wednesday, March 18th. FS KKR Capital’s dividend payout ratio is 8,533.33%.

FS KKR Capital Company Profile

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.