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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.25.

Several equities research analysts recently commented on FSK shares. Royal Bank of Canada boosted their price objective 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 restated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction 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 purchase, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 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 corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

Several hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in FS KKR Capital during the second quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter worth approximately $37,000. Rothschild Investment LLC bought a new stake in FS KKR Capital in the 2nd quarter valued at $39,000. McIlrath & Eck LLC lifted its holdings in FS KKR Capital by 47.5% during the 3rd 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 last quarter. Finally, Financial Gravity Asset Management Inc. boosted 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 worth $42,000 after purchasing an additional 1,421 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 0.2 %

Shares of FS KKR Capital stock opened at $21.69 on Monday. The company has a market capitalization of $6.07 billion, a P/E ratio of 11.54 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. The business has a 50-day moving average of $21.23 and a two-hundred day moving average of $20.35. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $22.39.

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

FS KKR Capital Increases Dividend

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

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.