FS KKR Capital (NYSE:FSK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FS KKR Capital (NYSE:FSK) from a sell rating to a hold rating in a research report sent to investors on Friday.

Other research analysts also recently issued reports about the company. Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. dropped their price target on 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 Saturday, September 27th. Wells Fargo & Company dropped their price target on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research note on Friday, August 8th. Finally, Keefe, Bruyette & Woods dropped their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $17.75.

FS KKR Capital Stock Down 2.3%

Shares of FSK stock opened at $14.96 on Friday. FS KKR Capital has a 1-year low of $14.76 and a 1-year high of $24.10. The stock’s fifty day moving average price is $17.64 and its 200 day moving average price is $19.62. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The business had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same quarter last year, the firm earned $0.75 earnings per share. Sell-side analysts anticipate that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business 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. The ex-dividend date was Wednesday, September 17th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a dividend yield of 18.7%. FS KKR Capital’s dividend payout ratio (DPR) is currently 328.21%.

Institutional Trading of FS KKR Capital

Hedge funds have recently modified their holdings of the stock. Beacon Capital Management Inc. purchased a new stake in shares of FS KKR Capital in the second quarter worth about $26,000. Atlantic Union Bankshares Corp acquired a new position in FS KKR Capital in the 2nd quarter worth about $26,000. Flaharty Asset Management LLC acquired a new position in FS KKR Capital in the 1st quarter worth about $29,000. Trust Co. of Vermont raised its holdings in FS KKR Capital by 51.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after purchasing an additional 515 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in FS KKR Capital in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.