B. Riley Financial Cuts FS KKR Capital (NYSE:FSK) Price Target to $11.00

FS KKR Capital (NYSE:FSK) had its price target cut by B. Riley Financial from $17.50 to $11.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

FSK has been the topic of several other reports. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Royal Bank Of Canada decreased their price objective on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday, February 27th. Wells Fargo & Company dropped their target price on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research note on Thursday, January 22nd. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $14.14.

FS KKR Capital Stock Down 0.6%

Shares of NYSE:FSK opened at $10.94 on Tuesday. The business has a fifty day moving average of $13.62 and a 200-day moving average of $15.06. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. FS KKR Capital has a twelve month low of $10.28 and a twelve month high of $22.95.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The company had revenue of $348.00 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.66 EPS. Analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

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

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was bought at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the transaction, the insider owned 64,800 shares of the company’s stock, valued at $729,000. This represents a 8.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FSK. Bison Wealth LLC increased its stake in FS KKR Capital by 3.4% in the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after purchasing an additional 720 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of FS KKR Capital by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after purchasing an additional 32,258 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of FS KKR Capital by 139.9% in the 1st quarter. Empowered Funds LLC now owns 26,744 shares of the company’s stock valued at $560,000 after buying an additional 15,596 shares during the period. Sigma Planning Corp increased its position in shares of FS KKR Capital by 45.6% in the 2nd quarter. Sigma Planning Corp now owns 180,379 shares of the company’s stock valued at $3,743,000 after buying an additional 56,465 shares in the last quarter. Finally, Key Financial Inc acquired a new stake in FS KKR Capital during the 2nd quarter worth $54,000. Institutional investors own 36.26% of the company’s stock.

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.