Analysts Set FS KKR Capital Corp. (NYSE:FSK) Target Price at $20.25

FS KKR Capital Corp. (NYSE:FSK) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $20.25.

A number of research firms have weighed in on FSK. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. 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. Finally, Royal Bank of Canada upped their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $21.69 on Monday. The firm has a market capitalization of $6.07 billion, a PE ratio of 11.54 and a beta of 1.25. The company has a 50 day moving average price of $21.23 and a 200-day moving average price of $20.35. FS KKR Capital has a 52 week low of $18.31 and a 52 week high of $22.39. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.80 EPS. As a group, equities research analysts expect that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a $0.70 dividend. The ex-dividend date was Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio is 136.17%.

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares of the company’s stock, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 11,500 shares of company stock worth $248,910 in the last three months. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. lifted its holdings in shares of FS KKR Capital by 1.4% in the second quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock worth $797,000 after buying an additional 573 shares in the last quarter. Wescott Financial Advisory Group LLC increased its holdings in FS KKR Capital by 2.9% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after acquiring an additional 600 shares during the last quarter. McIlrath & Eck LLC increased its holdings in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares during the last quarter. Centaurus Financial Inc. lifted its stake in FS KKR Capital by 0.8% in the 3rd quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock worth $2,303,000 after purchasing an additional 935 shares in the last quarter. Finally, Souders Financial Advisors boosted its holdings in shares of FS KKR Capital by 3.9% during the 2nd quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock valued at $497,000 after purchasing an additional 950 shares during the last quarter. 36.26% of the stock is currently owned by 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.