FS KKR Capital Corp. (NYSE:FSK) Given Average Rating of “Reduce” by Brokerages

FS KKR Capital Corp. (NYSE:FSK) has earned a consensus recommendation of “Reduce” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $17.50.

A number of brokerages recently commented on FSK. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a report on Monday, October 6th. Keefe, Bruyette & Woods cut their target price on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, Royal Bank Of Canada reduced their target price on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, November 14th.

Insider Buying and Selling at FS KKR Capital

In related news, CEO Michael C. Forman purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were bought at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the acquisition, the chief executive officer directly owned 24,220 shares in the company, valued at $375,410. This trade represents a 70.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel Pietrzak purchased 10,000 shares of FS KKR Capital stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $15.15 per share, for a total transaction of $151,500.00. Following the transaction, the insider directly owned 59,800 shares in the company, valued at $905,970. This represents a 20.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 20,330 shares of company stock valued at $312,480 over the last three months. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CCLA Investment Management acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth about $33,463,000. Balyasny Asset Management L.P. purchased a new position in FS KKR Capital in the third quarter valued at approximately $21,917,000. Van ECK Associates Corp increased its stake in FS KKR Capital by 23.3% in the third quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock valued at $59,566,000 after purchasing an additional 752,956 shares during the last quarter. Gateway Wealth Partners LLC raised its holdings in FS KKR Capital by 4,863.0% during the third quarter. Gateway Wealth Partners LLC now owns 723,508 shares of the company’s stock worth $10,802,000 after purchasing an additional 708,930 shares in the last quarter. Finally, North Ground Capital lifted its position in shares of FS KKR Capital by 3,743.8% during the 3rd quarter. North Ground Capital now owns 615,000 shares of the company’s stock worth $9,182,000 after buying an additional 599,000 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.8%

FS KKR Capital stock opened at $16.25 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital has a fifty-two week low of $14.05 and a fifty-two week high of $24.10. The firm has a 50 day moving average price of $15.18 and a 200 day moving average price of $18.31.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The business had revenue of $373.00 million during the quarter, compared to analyst estimates of $374.89 million. During the same period last year, the business posted $0.74 earnings per share. Analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a $0.64 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a yield of 15.7%. FS KKR Capital’s dividend payout ratio (DPR) is 263.92%.

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.