FS KKR Capital Corp. (NYSE:FSK) Given Consensus Recommendation of “Reduce” by Analysts

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given an average recommendation of “Reduce” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.4167.

A number of equities research analysts have weighed in on FSK shares. Royal Bank Of Canada cut their price objective on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 26th. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, August 8th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Zacks Research upgraded shares of FS KKR Capital to a “strong sell” rating in a research report on Friday, August 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, August 12th.

FS KKR Capital Price Performance

FSK stock opened at $16.95 on Thursday. FS KKR Capital has a 1 year low of $16.94 and a 1 year high of $24.10. The firm has a 50-day moving average of $19.48 and a 200 day moving average of $20.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The company had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same period in the previous year, the company earned $0.75 earnings per share. As a group, equities research analysts anticipate that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Wednesday, September 17th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 16.5%. FS KKR Capital’s dividend payout ratio is 328.21%.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors have recently bought and sold shares of FSK. Comerica Bank grew its stake in shares of FS KKR Capital by 6.4% in the 4th quarter. Comerica Bank now owns 14,216 shares of the company’s stock worth $309,000 after buying an additional 851 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of FS KKR Capital by 3.4% in the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after acquiring an additional 720 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in FS KKR Capital by 8.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company’s stock valued at $30,827,000 after buying an additional 106,641 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in FS KKR Capital during the 4th quarter valued at about $3,209,000. Finally, Bank of America Corp DE lifted its holdings in FS KKR Capital by 16.9% during the 4th quarter. Bank of America Corp DE now owns 227,103 shares of the company’s stock valued at $4,933,000 after buying an additional 32,854 shares in the last quarter. 36.26% of the stock is 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.