FS KKR Capital (NYSE:FSK) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of FS KKR Capital (NYSE:FSKFree Report) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings lowered shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. B. Riley Financial reduced their price objective on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada decreased their price objective on FS KKR Capital from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, April 6th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Reduce” and an average target price of $12.50.

Get Our Latest Stock Analysis on FSK

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $11.51 on Monday. The stock’s 50-day moving average is $10.73 and its 200 day moving average is $13.32. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 383.77 and a beta of 0.85. FS KKR Capital has a 1-year low of $9.72 and a 1-year high of $22.68. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSKGet Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.During the same period in the prior year, the company earned $0.66 EPS. On average, sell-side analysts anticipate that FS KKR Capital will post 1.7 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently declared a special dividend, which was paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s dividend payout ratio is presently 6,000.00%.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were acquired at an average price of $11.25 per share, with a total value of $56,250.00. Following the acquisition, the insider directly owned 64,800 shares in the company, valued at approximately $729,000. The trade was a 8.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Institutional Trading of FS KKR Capital

A number of institutional investors have recently modified their holdings of FSK. Thurston Springer Miller Herd & Titak Inc. purchased a new position in FS KKR Capital during the 4th quarter valued at about $26,000. Jessup Wealth Management Inc purchased a new stake in FS KKR Capital in the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital in the 4th quarter worth approximately $28,000. Eastern Bank grew its position in shares of FS KKR Capital by 355.6% in the 3rd quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,561 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of FS KKR Capital during the fourth quarter valued at approximately $31,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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About FS KKR Capital

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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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Analyst Recommendations for FS KKR Capital (NYSE:FSK)

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