FS KKR Capital Corp. (NYSE:FSK) Given Consensus Rating of “Hold” by Analysts

FS KKR Capital Corp. (NYSE:FSK) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $20.19.

Several equities analysts recently issued reports on the stock. Royal Bank of Canada boosted 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 report on Monday, November 18th. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday.

FS KKR Capital Stock Performance

Shares of NYSE:FSK opened at $21.38 on Thursday. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 11.37 and a beta of 1.25. The company has a 50-day moving average price of $20.77 and a 200-day moving average price of $20.22. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $22.39.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating 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 firm had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, equities analysts anticipate that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

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

Insider Transactions at FS KKR Capital

In other news, insider Brian Gerson bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the purchase, the insider now owns 15,109 shares in the company, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in shares of FS KKR Capital in the second quarter worth approximately $30,000. Ridgewood Investments LLC bought a new position in FS KKR Capital during the second quarter valued at approximately $37,000. Rothschild Investment LLC bought a new position in FS KKR Capital during the second quarter valued at approximately $39,000. McIlrath & Eck LLC lifted its position in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the period. Finally, Financial Gravity Asset Management Inc. lifted its position in FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the period. 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.