Brokerages Set FS KKR Capital Corp. (NYSE:FSK) Target Price at $20.25

FS KKR Capital Corp. (NYSE:FSK) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $20.25.

FSK has been the topic of a number of recent research reports. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd.

FS KKR Capital Trading Up 0.7 %

Shares of FSK stock opened at $21.62 on Monday. The business has a 50-day moving average of $21.15 and a 200 day moving average of $20.32. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital has a 1-year low of $18.31 and a 1-year high of $22.39. The stock has a market capitalization of $6.06 billion, a PE ratio of 11.50 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $423.58 million. During the same period last year, the firm earned $0.80 earnings per share. As a group, sell-side analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date was Wednesday, December 4th. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) is presently 136.17%.

Insider Activity

In related news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the purchase, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 11,500 shares of company stock worth $248,910 in the last three months. Company insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

Large investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter worth $30,000. Ridgewood Investments LLC purchased a new position in FS KKR Capital in the second quarter worth about $37,000. Rothschild Investment LLC purchased a new stake in FS KKR Capital during the second quarter valued at approximately $39,000. McIlrath & Eck LLC raised its position in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the period. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after purchasing an additional 1,421 shares during the period. Institutional investors own 36.26% of the company’s stock.

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.