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

FS KKR Capital Corp. (NYSE:FSK) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.06.

Several research firms have weighed in on FSK. Wells Fargo & Company lowered 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. Royal Bank of Canada upped 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 Stock Up 0.8 %

FSK stock opened at $22.13 on Thursday. The stock’s 50 day simple moving average is $20.54 and its 200 day simple moving average is $20.15. The company has a market cap of $6.20 billion, a P/E ratio of 11.77 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $22.18.

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, topping analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, research analysts expect that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is currently 136.17%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in FS KKR Capital by 14.1% during the third quarter. Franklin Resources Inc. now owns 360,256 shares of the company’s stock worth $7,284,000 after acquiring an additional 44,557 shares during the period. Sfmg LLC grew its stake in FS KKR Capital by 1.7% in the 3rd quarter. Sfmg LLC now owns 127,286 shares of the company’s stock valued at $2,511,000 after purchasing an additional 2,151 shares during the period. World Investment Advisors LLC increased its position in shares of FS KKR Capital by 22.9% during the 3rd quarter. World Investment Advisors LLC now owns 17,707 shares of the company’s stock valued at $349,000 after purchasing an additional 3,297 shares during the last quarter. McIlrath & Eck LLC raised its stake in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. Finally, Barclays PLC boosted its holdings in shares of FS KKR Capital by 24.8% in the 3rd quarter. Barclays PLC now owns 327,469 shares of the company’s stock worth $6,460,000 after buying an additional 65,054 shares during 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.