Brokerages Set FS KKR Capital Corp. (NYSE:FSK) Price Target at $20.63

FS KKR Capital Corp. (NYSE:FSK) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.63.

A number of brokerages have recently issued reports on FSK. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This represents a 11.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kendall Capital Management boosted its position in FS KKR Capital by 2.3% in the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock valued at $497,000 after buying an additional 517 shares during the period. Endowment Wealth Management Inc. boosted its position in FS KKR Capital by 0.6% in the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock valued at $1,977,000 after buying an additional 582 shares during the period. Wescott Financial Advisory Group LLC boosted its position in FS KKR Capital by 2.9% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after buying an additional 600 shares during the period. Lloyd Advisory Services LLC. boosted its position in FS KKR Capital by 6.7% in the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock valued at $232,000 after buying an additional 667 shares during the period. Finally, McIlrath & Eck LLC boosted its position 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 buying an additional 675 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 1.5 %

Shares of NYSE FSK opened at $23.70 on Tuesday. The company has a 50 day simple moving average of $22.19 and a 200-day simple moving average of $20.98. The company has a market capitalization of $6.64 billion, a P/E ratio of 12.61 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. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $23.73.

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.