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

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given a consensus rating of “Hold” by the eight brokerages that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $20.25.

Several brokerages have weighed in on FSK. Wells Fargo & Company reiterated an “equal weight” rating and issued 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 price target 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 stock a “sector perform” rating in a research report on Monday, November 18th.

FS KKR Capital Trading Down 0.2 %

Shares of NYSE:FSK opened at $21.69 on Monday. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $22.39. The business has a 50 day moving average of $21.23 and a 200-day moving average of $20.35. 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 $6.07 billion, a PE ratio of 11.54 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same period in the prior year, the firm posted $0.80 EPS. As a group, equities research analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date was Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the acquisition, the insider now owns 49,800 shares of the company’s stock, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders acquired 11,500 shares of company stock valued at $248,910. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in FS KKR Capital in the second quarter valued at approximately $30,000. Ridgewood Investments LLC bought a new stake in FS KKR Capital in the second quarter worth approximately $37,000. Rothschild Investment LLC acquired a new position in FS KKR Capital in the second quarter valued at approximately $39,000. McIlrath & Eck LLC boosted its holdings in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. grew its position in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after buying an additional 1,421 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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.