Brokerages Set FS KKR Capital Corp. (NYSE:FSK) Target Price at $20.28

FS KKR Capital Corp. (NYSE:FSK) has received a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $20.28.

A number of research firms recently weighed in on FSK. Wells Fargo & Company raised FS KKR Capital from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $21.00 in a research report on Wednesday, May 29th. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. B. Riley reissued a “buy” rating and issued a $21.00 target price (up previously from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. lifted their target price on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th.

FS KKR Capital Stock Up 0.8 %

FSK stock opened at $20.14 on Monday. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $20.99. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16. The firm has a market cap of $5.64 billion, a PE ratio of 8.39 and a beta of 1.26. The business has a 50 day moving average of $19.85 and a 200 day moving average of $19.75.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The company had revenue of $434.00 million during the quarter, compared to analyst estimates of $429.46 million. On average, research analysts forecast that FS KKR Capital will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th were paid a $0.70 dividend. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.91%. The ex-dividend date of this dividend was Wednesday, June 12th. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Insider Transactions at FS KKR Capital

In other news, Director Barbara Adams purchased 3,381 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the purchase, the director now directly owns 22,082 shares in the company, valued at approximately $443,848.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently modified their holdings of the company. First Financial Bank Trust Division purchased a new position in FS KKR Capital during the second quarter valued at $520,000. Transcend Capital Advisors LLC lifted its position in FS KKR Capital by 18.6% during the second quarter. Transcend Capital Advisors LLC now owns 1,149,601 shares of the company’s stock valued at $22,682,000 after purchasing an additional 180,013 shares in the last quarter. Kathmere Capital Management LLC lifted its position in FS KKR Capital by 3.4% during the second quarter. Kathmere Capital Management LLC now owns 54,002 shares of the company’s stock valued at $1,078,000 after purchasing an additional 1,776 shares in the last quarter. Confluence Investment Management LLC lifted its position in FS KKR Capital by 2.4% during the second quarter. Confluence Investment Management LLC now owns 51,677 shares of the company’s stock valued at $1,020,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in FS KKR Capital by 39.3% during the first quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock valued at $8,231,000 after purchasing an additional 121,754 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.