FS KKR Capital Corp. (NYSE:FSK) Receives $20.06 Consensus PT from Analysts

Shares of FS KKR Capital Corp. (NYSE:FSK) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.06.

FSK has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th.

Insider Buying and Selling

In other news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $19.21 per share, with a total value of $96,050.00. Following the completion of the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at $860,608. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of FSK. Summit Securities Group LLC acquired a new position in FS KKR Capital in the second quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new position in shares of FS KKR Capital during the second quarter valued at about $37,000. Mather Group LLC. bought a new stake in FS KKR Capital in the first quarter valued at about $39,000. Rothschild Investment LLC bought a new stake in FS KKR Capital in the second quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. grew its stake in FS KKR Capital by 198.7% during the second 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 last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Up 0.2 %

Shares of FSK stock opened at $20.17 on Wednesday. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $5.65 billion, a PE ratio of 8.40 and a beta of 1.25. The stock’s 50-day simple moving average is $19.75 and its 200-day simple moving average is $19.77.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same quarter last year, the firm earned $0.78 earnings per share. Equities analysts expect that FS KKR Capital will post 2.86 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. Investors of record on Wednesday, December 4th will be given a $0.70 dividend. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

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.