FS KKR Capital (NYSE:FSK) Rating Lowered to “Neutral” at B. Riley

B. Riley cut shares of FS KKR Capital (NYSE:FSK) from a buy rating to a neutral rating in a report released on Wednesday, Marketbeat reports. The firm currently has $21.50 price objective on the stock.

A number of other research firms also recently issued reports on FSK. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.25.

FS KKR Capital Trading Up 0.7 %

NYSE:FSK opened at $21.50 on Wednesday. FS KKR Capital has a one year low of $18.31 and a one year high of $22.39. The company’s 50-day simple moving average is $20.96 and its 200 day simple moving average is $20.27. The firm has a market capitalization of $6.02 billion, a P/E ratio of 11.43 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter in the prior year, the firm posted $0.80 earnings per share. As a group, analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. FS KKR Capital’s payout ratio is 136.17%.

Insider Activity

In related news, insider Brian Gerson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the acquisition, the insider now owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have acquired 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FSK. Summit Securities Group LLC purchased a new position in shares of FS KKR Capital during the 2nd quarter worth about $30,000. Ridgewood Investments LLC purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $37,000. Rothschild Investment LLC bought a new position in shares of FS KKR Capital during the second quarter valued at approximately $39,000. McIlrath & Eck LLC raised its holdings in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the period. Finally, Financial Gravity Asset Management Inc. lifted its stake in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after acquiring an additional 1,421 shares during the last quarter. 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.