FS KKR Capital Corp. (NYSE:FSK) Receives $20.25 Consensus PT from Analysts

FS KKR Capital Corp. (NYSE:FSK) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have covered the stock in the last year is $20.25.

FSK has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd.

Insiders Place Their Bets

In other FS KKR Capital news, insider Brian Gerson acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $22.08 per share, with a total value of $110,400.00. Following the acquisition, the insider now directly owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently modified their holdings of the business. Franklin Resources Inc. increased its stake in FS KKR Capital by 14.1% during the 3rd quarter. Franklin Resources Inc. now owns 360,256 shares of the company’s stock worth $7,284,000 after buying an additional 44,557 shares in the last quarter. Sfmg LLC increased its position in shares of FS KKR Capital by 1.7% during the third quarter. Sfmg LLC now owns 127,286 shares of the company’s stock worth $2,511,000 after purchasing an additional 2,151 shares in the last quarter. World Investment Advisors LLC raised its stake in FS KKR Capital by 22.9% in the 3rd quarter. World Investment Advisors LLC now owns 17,707 shares of the company’s stock valued at $349,000 after purchasing an additional 3,297 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in FS KKR Capital by 47.5% in 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 in the last quarter. Finally, Barclays PLC boosted its stake in FS KKR Capital by 24.8% during the 3rd quarter. Barclays PLC now owns 327,469 shares of the company’s stock worth $6,460,000 after purchasing an additional 65,054 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

Shares of NYSE:FSK opened at $21.62 on Monday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 11.50 and a beta of 1.25. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $22.39. The firm’s 50-day moving average is $21.15 and its 200 day moving average is $20.32.

FS KKR Capital (NYSE:FSK) last issued its quarterly 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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same period in the prior year, the business posted $0.80 earnings per share. Research analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

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

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.