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

B. Riley downgraded shares of FS KKR Capital (NYSE:FSK) from a buy rating to a neutral rating in a report released on Wednesday morning, Marketbeat Ratings reports. They currently have $21.50 price objective on the stock.

FSK has been the subject of several other research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Royal Bank of Canada raised their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and an average target price of $20.25.

FS KKR Capital Stock Performance

NYSE:FSK opened at $21.50 on Wednesday. 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 $18.31 and a fifty-two week high of $22.39. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 11.43 and a beta of 1.25. The stock has a fifty day moving average price of $20.96 and a 200-day moving average price of $20.27.

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

FS KKR Capital Increases Dividend

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

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $22.08 per share, with a total value of $110,400.00. Following the acquisition, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. The trade was a 49.46 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 11,500 shares of company stock worth $248,910 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its position in FS KKR Capital by 30.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock worth $2,422,000 after acquiring an additional 28,889 shares during the last quarter. Intellectus Partners LLC increased its stake in shares of FS KKR Capital by 10.6% in the second quarter. Intellectus Partners LLC now owns 42,888 shares of the company’s stock worth $876,000 after buying an additional 4,098 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in FS KKR Capital by 5.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 511,317 shares of the company’s stock valued at $10,088,000 after buying an additional 24,867 shares during the last quarter. Williams Financial LLC purchased a new stake in FS KKR Capital during the 2nd quarter valued at $1,642,000. Finally, Bey Douglas LLC bought a new stake in FS KKR Capital in the 2nd quarter worth $1,035,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.