FS KKR Capital Corp. (NYSE:FSK) Receives $11.43 Consensus Target Price from Brokerages

Shares of FS KKR Capital Corp. (NYSE:FSK – Get Free Report) have been assigned an average recommendation of “Reduce” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.4286.

FSK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Wells Fargo & Company cut their price objective on FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Capital One Financial set a $12.00 target price on FS KKR Capital in a research note on Friday, August 7th. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday, August 12th.

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Hedge Funds Weigh In On FS KKR Capital

Several large investors have recently modified their holdings of the stock. Bison Wealth LLC boosted its position 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 buying an additional 720 shares in the last quarter. Acorn Wealth Advisors LLC grew its stake in shares of FS KKR Capital by 1.4% during the fourth quarter. Acorn Wealth Advisors LLC now owns 65,079 shares of the company’s stock worth $964,000 after buying an additional 914 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in shares of FS KKR Capital by 1.7% during the second quarter. Beacon Financial Advisory LLC now owns 61,266 shares of the company’s stock worth $643,000 after buying an additional 1,000 shares in the last quarter. Rockport Wealth LLC increased its holdings in shares of FS KKR Capital by 9.8% during the first quarter. Rockport Wealth LLC now owns 11,367 shares of the company’s stock worth $116,000 after buying an additional 1,018 shares in the last quarter. Finally, Delta Investment Management LLC lifted its stake in shares of FS KKR Capital by 4.6% in the 4th quarter. Delta Investment Management LLC now owns 24,086 shares of the company’s stock valued at $357,000 after acquiring an additional 1,049 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Performance

Shares of FSK opened at $12.28 on Thursday. The firm has a 50-day moving average of $11.17 and a 200-day moving average of $11.08. FS KKR Capital has a one year low of $9.72 and a one year high of $18.25. The company has a market cap of $3.39 billion, a PE ratio of -9.10 and a beta of 0.83. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28.

FS KKR Capital (NYSE:FSK – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share for the quarter, topping 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 analyst estimates of $286.75 million. During the same period in the previous year, the business earned ($0.75) EPS. As a group, equities analysts forecast that FS KKR Capital will post 1.64 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 14.3%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 16th. FS KKR Capital’s dividend payout ratio (DPR) is presently -124.44%.

About FS KKR Capital

(Get Free Report)

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.

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