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

Shares of FS KKR Capital Corp. (NYSE:FSK) have received an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.25.

Several brokerages have commented on FSK. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada raised their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th.

FS KKR Capital Trading Up 0.8 %

FS KKR Capital stock opened at $22.53 on Friday. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $22.55. 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 stock has a market capitalization of $6.31 billion, a PE ratio of 11.98 and a beta of 1.24. The firm has a 50 day simple moving average of $21.66 and a 200-day simple moving average of $20.62.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to analysts’ expectations 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 firm earned $0.80 EPS. As a group, equities research analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the insider now owns 15,109 shares of the company’s stock, valued at $333,606.72. This represents a 49.46 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently bought and sold shares of FSK. Envestnet Asset Management Inc. boosted its holdings in shares of FS KKR Capital by 27.4% during the second quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock worth $9,361,000 after purchasing an additional 102,111 shares during the period. Seven Eight Capital LP acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $662,000. Kendall Capital Management purchased a new position in shares of FS KKR Capital during the 2nd quarter valued at $317,000. XTX Topco Ltd acquired a new position in shares of FS KKR Capital in the second quarter worth $429,000. Finally, AE Wealth Management LLC raised its holdings in shares of FS KKR Capital by 28.8% during the second quarter. AE Wealth Management LLC now owns 98,961 shares of the company’s stock worth $1,956,000 after acquiring an additional 22,149 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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.