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

FS KKR Capital Corp. (NYSE:FSK) has received an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $19.94.

FSK has been the topic of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in shares of FS KKR Capital by 6.6% during the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after buying an additional 356,704 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of FS KKR Capital by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock valued at $84,487,000 after purchasing an additional 188,542 shares during the period. LPL Financial LLC raised its stake in shares of FS KKR Capital by 1.8% in the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock worth $66,141,000 after purchasing an additional 59,240 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after purchasing an additional 3,012,711 shares during the period. Finally, LSV Asset Management boosted its position in FS KKR Capital by 3.2% in the first quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock valued at $37,500,000 after buying an additional 60,700 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of NYSE:FSK opened at $20.94 on Friday. The firm’s 50 day simple moving average is $20.10 and its 200-day simple moving average is $19.94. 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 one year low of $18.31 and a one year high of $21.14. The firm has a market cap of $5.86 billion, a PE ratio of 9.27 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period in the previous year, the company posted $0.80 EPS. As a group, equities analysts predict that FS KKR Capital will post 2.86 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s payout ratio is currently 113.27%.

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.