FS KKR Capital Corp. (NYSE:FSK) Receives Consensus Recommendation of “Hold” from Analysts

FS KKR Capital Corp. (NYSE:FSK) has been given an average rating of “Hold” by the eight ratings firms that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have covered the stock in the last year is $20.25.

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price target 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.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $22.14 on Friday. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $22.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 11.77 and a beta of 1.24. The business has a 50 day simple moving average of $21.55 and a 200 day simple moving average of $20.55.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 12.31% and a net margin of 29.98%. During the same period last year, the company earned $0.80 earnings per share. On average, equities research analysts anticipate that FS KKR Capital will post 2.89 EPS for the current year.

Insider Transactions at FS KKR Capital

In other news, insider Brian Gerson bought 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 completion of the transaction, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. The trade was a 49.46 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 11,500 shares of company stock valued at $248,910 over the last three months. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of FS KKR Capital by 27.4% in the second quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock valued at $9,361,000 after purchasing an additional 102,111 shares in the last quarter. Seven Eight Capital LP acquired a new position in FS KKR Capital during the second quarter valued at $662,000. Kendall Capital Management purchased a new stake in FS KKR Capital in the 2nd quarter worth about $317,000. XTX Topco Ltd acquired a new stake in FS KKR Capital during the 2nd quarter worth about $429,000. Finally, AE Wealth Management LLC grew its stake in FS KKR Capital by 28.8% during the 2nd quarter. AE Wealth Management LLC now owns 98,961 shares of the company’s stock valued at $1,956,000 after acquiring an additional 22,149 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

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.