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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Six research 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 brokerages that have issued a report on the stock in the last year is $20.06.

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

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently modified their holdings of FSK. O Shaughnessy Asset Management LLC lifted its stake in shares of FS KKR Capital by 30.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,855 shares of the company’s stock valued at $283,000 after purchasing an additional 3,439 shares during the period. EMC Capital Management boosted its holdings in shares of FS KKR Capital by 28.0% during the 1st quarter. EMC Capital Management now owns 13,804 shares of the company’s stock worth $263,000 after buying an additional 3,021 shares in the last quarter. Cetera Investment Advisers grew its position in shares of FS KKR Capital by 368.3% during the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after buying an additional 697,453 shares during the period. Cetera Advisors LLC increased its stake in shares of FS KKR Capital by 39.3% in the 1st quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock valued at $8,231,000 after acquiring an additional 121,754 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of FS KKR Capital by 2.4% during the 2nd quarter. Confluence Investment Management LLC now owns 51,677 shares of the company’s stock valued at $1,020,000 after acquiring an additional 1,223 shares during the period. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $22.13 on Thursday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market cap of $6.20 billion, a PE ratio of 11.77 and a beta of 1.25. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $22.18. The business’s 50-day moving average price is $20.54 and its two-hundred day moving average price is $20.15.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the previous year, the firm posted $0.80 EPS. As a group, analysts expect that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

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