FS KKR Capital Corp. (NYSE:FSK) Receives $20.06 Average PT from Brokerages

FS KKR Capital Corp. (NYSE:FSK) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $20.06.

Several equities research analysts have issued reports on FSK shares. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada increased their price objective on 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.

FS KKR Capital Trading Up 0.4 %

Shares of NYSE FSK opened at $22.22 on Thursday. 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 debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 11.82 and a beta of 1.25. The business’s 50 day moving average price is $20.63 and its 200-day moving average price is $20.18.

FS KKR Capital (NYSE:FSK) last released its earnings results 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. The business had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period last year, the company earned $0.80 earnings per share. On average, sell-side analysts expect that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FSK. Summit Securities Group LLC bought a new stake in FS KKR Capital during the second quarter valued at about $30,000. Ridgewood Investments LLC purchased a new stake in FS KKR Capital during the second quarter valued at approximately $37,000. Rothschild Investment LLC purchased a new stake in FS KKR Capital during the second quarter valued at approximately $39,000. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. grew its holdings in FS KKR Capital by 198.7% in 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 last quarter. 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.