Analysts Set FS KKR Capital Corp. (NYSE:FSK) PT at $17.75

FS KKR Capital Corp. (NYSE:FSK) has been assigned a consensus rating of “Reduce” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.75.

A number of brokerages recently issued reports on FSK. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. dropped their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday. Finally, Royal Bank Of Canada dropped their target price on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th.

Institutional Trading of FS KKR Capital

Large investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in shares of FS KKR Capital in the second quarter worth approximately $26,000. Beacon Capital Management Inc. bought a new stake in shares of FS KKR Capital in the second quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new stake in shares of FS KKR Capital in the first quarter worth approximately $29,000. Trust Co. of Vermont grew its stake in shares of FS KKR Capital by 51.0% in the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after acquiring an additional 515 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of FS KKR Capital in the first quarter worth approximately $34,000. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

Shares of FSK opened at $14.45 on Monday. The firm’s 50-day moving average price is $17.22 and its 200-day moving average price is $19.51. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital has a 1-year low of $14.28 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK) last issued 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). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The business had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same period last year, the business earned $0.75 earnings per share. As a group, equities analysts expect that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th were paid a $0.70 dividend. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a dividend yield of 19.4%. The ex-dividend date was Wednesday, September 17th. FS KKR Capital’s payout ratio is currently 328.21%.

FS KKR Capital Company Profile

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.