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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given a consensus rating of “Hold” by the eight analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $20.06.

Several brokerages have recently weighed in on FSK. Royal Bank of Canada increased their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company reduced their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after buying an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter valued at $19,544,000. Cetera Investment Advisers raised its position in shares of FS KKR Capital by 368.3% in the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after acquiring an additional 697,453 shares in the last quarter. Maia Wealth LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter worth $10,560,000. Finally, Legacy Investment Solutions LLC bought a new stake in FS KKR Capital during the third quarter valued at about $7,830,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.8 %

NYSE FSK opened at $22.13 on Thursday. FS KKR Capital has a 52 week low of $18.31 and a 52 week high of $22.18. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 11.77 and a beta of 1.25. 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 company has a fifty day moving average of $20.54 and a two-hundred day moving average of $20.15.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to analysts’ expectations 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 company earned $0.80 EPS. On average, analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s payout ratio is 136.17%.

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.