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

Shares of FS KKR Capital Corp. (NYSE:FSK) have received a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $19.94.

Several research firms have weighed in on FSK. Wells Fargo & Company decreased their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, August 14th.

Insider Buying and Selling

In related news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price 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 of the company’s stock, valued at $860,608. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSK. Norden Group LLC purchased a new position in FS KKR Capital in the first quarter valued at about $1,362,000. Diversify Advisory Services LLC bought a new stake in shares of FS KKR Capital in the first quarter valued at approximately $662,000. Janney Montgomery Scott LLC raised 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 purchasing an additional 14,977 shares during the period. Choreo LLC raised its position in shares of FS KKR Capital by 3.1% in the first quarter. Choreo LLC now owns 30,116 shares of the company’s stock valued at $574,000 after purchasing an additional 897 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of FS KKR Capital by 38.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 146,100 shares of the company’s stock valued at $2,786,000 after purchasing an additional 40,460 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $20.14 on Friday. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $20.99. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $5.64 billion, a PE ratio of 8.91 and a beta of 1.25. The firm has a fifty day simple moving average of $20.07 and a 200 day simple moving average of $19.91.

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

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. FS KKR Capital’s payout ratio is presently 113.27%.

About FS KKR Capital

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.