FS KKR Capital Corp. (NYSE:FSK) Receives $13.36 Average Price Target from Analysts

FS KKR Capital Corp. (NYSE:FSK) has earned an average recommendation of “Reduce” from the nine research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $13.3571.

A number of research firms have weighed in on FSK. B. Riley Financial decreased their price target on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Truist Financial dropped their price objective on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. 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. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the acquisition, the insider owned 64,800 shares of the company’s stock, valued at approximately $729,000. This trade represents a 8.36% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Institutional Trading of FS KKR Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its stake in shares of FS KKR Capital by 143.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,126,496 shares of the company’s stock worth $16,683,000 after acquiring an additional 663,981 shares during the period. World Investment Advisors raised its stake in FS KKR Capital by 439.9% in the 4th quarter. World Investment Advisors now owns 86,263 shares of the company’s stock valued at $1,278,000 after acquiring an additional 70,285 shares during the period. Alpine Global Management LLC raised its stake in FS KKR Capital by 14.6% in the 4th quarter. Alpine Global Management LLC now owns 113,316 shares of the company’s stock valued at $1,678,000 after acquiring an additional 14,394 shares during the period. Titan Investment Management LLC acquired a new stake in FS KKR Capital during the 4th quarter valued at $1,863,000. Finally, Virtu Financial LLC lifted its holdings in FS KKR Capital by 222.8% during the 4th quarter. Virtu Financial LLC now owns 69,781 shares of the company’s stock valued at $1,033,000 after purchasing an additional 48,162 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Down 0.6%

Shares of NYSE:FSK opened at $10.12 on Monday. The company’s 50-day moving average price is $11.96 and its two-hundred day moving average price is $14.02. FS KKR Capital has a one year low of $9.72 and a one year high of $22.68. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05. The stock has a market capitalization of $2.83 billion, a PE ratio of 337.17 and a beta of 0.83.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. The company had revenue of $348.00 million during the quarter, compared to the consensus estimate of $361.59 million. During the same quarter in the previous year, the business earned $0.66 EPS. On average, equities analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 18th will be issued a $0.03 dividend. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend is Wednesday, March 18th. FS KKR Capital’s dividend payout ratio is presently 6,000.00%.

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.