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

FS KKR Capital Corp. (NYSE:FSK) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $20.63.

A number of equities analysts recently issued reports on the company. 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 report on Monday, November 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd.

FS KKR Capital Stock Down 0.5 %

FSK opened at $23.12 on Tuesday. The stock’s fifty day moving average is $21.97 and its 200-day moving average is $20.85. FS KKR Capital has a one year low of $18.31 and a one year high of $23.47. The company has a market capitalization of $6.47 billion, a PE ratio of 12.30 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

Insider Activity

In other news, insider Brian Gerson acquired 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the transaction, the insider now owns 15,109 shares in the company, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

Several large investors have recently modified their holdings of FSK. SG Americas Securities LLC boosted its stake in shares of FS KKR Capital by 32.1% in the 3rd quarter. SG Americas Securities LLC now owns 10,317 shares of the company’s stock valued at $204,000 after purchasing an additional 2,509 shares in the last quarter. Sound Income Strategies LLC boosted its position in FS KKR Capital by 14.9% in the third quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after buying an additional 1,280 shares in the last quarter. Creative Planning grew its stake in FS KKR Capital by 1.1% during the third quarter. Creative Planning now owns 97,849 shares of the company’s stock worth $1,931,000 after buying an additional 1,041 shares during the last quarter. PFG Advisors increased its holdings in shares of FS KKR Capital by 2.4% during the third quarter. PFG Advisors now owns 186,731 shares of the company’s stock worth $3,684,000 after buying an additional 4,309 shares in the last quarter. Finally, Cascade Investment Group Inc. bought a new position in shares of FS KKR Capital in the third quarter valued at approximately $1,038,000. 36.26% of the stock is currently owned by institutional investors.

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.