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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $20.25.

A number of research firms recently weighed in on FSK. Royal Bank of Canada lifted their target price on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. B. Riley lowered 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 restated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $21.29 on Monday. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 11.32 and a beta of 1.25. The business has a 50 day moving average price of $21.10 and a 200 day moving average price of $20.31. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $22.39.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating 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 company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the prior year, the business earned $0.80 earnings per share. Research analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a $0.70 dividend. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date was Wednesday, December 4th. This represents a yield of 12.7%. FS KKR Capital’s payout ratio is currently 136.17%.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the purchase, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 11,500 shares of company stock worth $248,910 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in FS KKR Capital in the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC bought a new stake in shares of FS KKR Capital during the second quarter worth $37,000. Rothschild Investment LLC acquired a new position in shares of FS KKR Capital during the second quarter valued at $39,000. McIlrath & Eck LLC boosted its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its holdings in FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after acquiring an additional 1,421 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

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.