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

Shares of FS KKR Capital Corp. (NYSE:FSK) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.06.

A number of equities research analysts recently commented on the company. Wells Fargo & Company dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th.

FS KKR Capital Trading Up 1.7 %

NYSE FSK opened at $19.75 on Friday. The stock has a 50-day simple moving average of $19.91 and a 200 day simple moving average of $19.61. The company has a market capitalization of $5.53 billion, a PE ratio of 8.23 and a beta of 1.26. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $20.99.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same quarter in the prior year, the company posted $0.78 earnings per share. Research analysts forecast that FS KKR Capital will post 2.86 EPS for the current year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be issued a dividend of $0.64 per share. The ex-dividend date is Wednesday, September 11th. This represents a dividend yield of 13.33%. FS KKR Capital’s payout ratio is presently 106.67%.

Insider Buying and Selling

In other news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares in the company, valued at $860,608. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $19.21 per share, with a total value of $96,050.00. Following the completion of the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. UBS Group AG boosted its position in FS KKR Capital by 12.2% during the fourth quarter. UBS Group AG now owns 831,771 shares of the company’s stock valued at $16,610,000 after purchasing an additional 90,233 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of FS KKR Capital by 30.0% in the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock valued at $1,237,000 after buying an additional 14,977 shares during the last quarter. United Advisor Group LLC acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $2,916,000. Cetera Advisors LLC lifted its position in shares of FS KKR Capital by 39.3% in the first quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock valued at $8,231,000 after buying an additional 121,754 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of FS KKR Capital by 117.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 99,389 shares of the company’s stock valued at $1,985,000 after buying an additional 53,594 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

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.