Analysts Set FS KKR Capital Corp. (NYSE:FSK) Price Target at $20.06

FS KKR Capital Corp. (NYSE:FSK) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $20.06.

FSK has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company reduced their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th.

FS KKR Capital Stock Up 0.3 %

FS KKR Capital stock opened at $19.79 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. FS KKR Capital has a 52-week low of $18.31 and a 52-week high of $20.99. The firm has a 50 day moving average price of $19.90 and a two-hundred day moving average price of $19.63. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 8.25 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 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 the consensus estimate of $426.41 million. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. During the same quarter last year, the firm posted $0.78 EPS. Equities analysts predict that FS KKR Capital will post 2.86 EPS for the current year.

FS KKR Capital Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.64 per share. This represents a yield of 13.33%. The ex-dividend date of this dividend is Wednesday, September 11th. FS KKR Capital’s dividend payout ratio (DPR) is presently 106.67%.

Insider Buying and Selling at FS KKR Capital

In other news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSK. Summit Securities Group LLC bought a new stake in FS KKR Capital in the 2nd quarter valued at about $30,000. Ridgewood Investments LLC bought a new stake in FS KKR Capital in the 2nd quarter valued at about $37,000. Mather Group LLC. bought a new stake in FS KKR Capital in the 1st quarter valued at about $39,000. Rothschild Investment LLC purchased a new position in FS KKR Capital during the 2nd quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. grew its holdings in 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 valued at $42,000 after buying an additional 1,421 shares in the last quarter. 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.