B. Riley Begins Coverage on FS KKR Capital (NYSE:FSK)

B. Riley initiated coverage on shares of FS KKR Capital (NYSE:FSK) in a report released on Tuesday morning. The firm issued a neutral rating and a $19.00 target price on the stock.

A number of other research firms have also commented on FSK. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Oppenheimer lowered their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Friday, May 9th. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Wells Fargo & Company lowered their price target on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.67.

FS KKR Capital Trading Up 1.0%

Shares of FSK opened at $20.79 on Tuesday. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 11.06 and a beta of 0.98. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The firm has a 50 day moving average price of $20.24 and a 200-day moving average price of $21.39.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. During the same period in the prior year, the business posted $0.62 EPS. The firm’s revenue was down 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 12.31%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital’s payout ratio is currently 134.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. increased its position in FS KKR Capital by 1.3% during the 4th quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company’s stock valued at $726,000 after purchasing an additional 423 shares during the period. Kendall Capital Management grew its position in shares of FS KKR Capital by 2.3% in the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock worth $497,000 after buying an additional 517 shares during the period. Kathmere Capital Management LLC grew its position in shares of FS KKR Capital by 1.4% in the 1st quarter. Kathmere Capital Management LLC now owns 41,258 shares of the company’s stock worth $864,000 after buying an additional 562 shares during the period. Endowment Wealth Management Inc. grew its position in shares of FS KKR Capital by 0.6% in the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock worth $1,977,000 after buying an additional 582 shares during the period. Finally, Liberty Square Wealth Partners LLC grew its position in shares of FS KKR Capital by 1.2% in the 1st quarter. Liberty Square Wealth Partners LLC now owns 52,508 shares of the company’s stock worth $1,100,000 after buying an additional 602 shares during the period. 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.