FS KKR Capital Corp. (NYSE:FSK) Receives Consensus Rating of "Reduce" from Analysts

FS KKR Capital Corp. (NYSE:FSK - Get Free Report) has earned a consensus rating of "Reduce" from the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.50.

Several brokerages have commented on FSK. Oppenheimer dropped their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a report on Friday, May 9th. B. Riley started coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Flaharty Asset Management LLC bought a new stake in shares of FS KKR Capital during the 1st quarter worth approximately $29,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in FS KKR Capital during the fourth quarter worth $33,000. Fourth Dimension Wealth LLC bought a new stake in FS KKR Capital during the fourth quarter worth $33,000. Caitong International Asset Management Co. Ltd bought a new stake in FS KKR Capital during the first quarter worth $34,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in FS KKR Capital in the first quarter valued at $42,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Trading Up 1.2%

NYSE:FSK traded up $0.26 during mid-day trading on Tuesday, hitting $21.30. The company had a trading volume of 854,049 shares, compared to its average volume of 1,464,756. 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 market cap of $5.97 billion, a P/E ratio of 11.33 and a beta of 0.98. The business's fifty day moving average is $20.15 and its two-hundred day moving average is $21.43.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share 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 business had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. During the same period last year, the company posted $0.62 EPS. FS KKR Capital's revenue for the quarter was down 7.8% on a year-over-year basis. As a group, research analysts expect that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.02%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio is currently 134.74%.

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.