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

FS KKR Capital Corp. (NYSE:FSK) has received an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $20.06.

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

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of FS KKR Capital during the second quarter worth $30,000. Ridgewood Investments LLC purchased a new stake in FS KKR Capital in the 2nd quarter valued at about $37,000. Mather Group LLC. acquired a new position in shares of FS KKR Capital during the 1st quarter valued at about $39,000. Rothschild Investment LLC purchased a new position in shares of FS KKR Capital during the 2nd quarter worth about $39,000. Finally, Financial Gravity Asset Management Inc. grew its holdings in FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $20.17 on Wednesday. The company has a market cap of $5.65 billion, a P/E ratio of 8.92 and a beta of 1.25. The firm has a fifty day moving average price of $19.74 and a 200 day moving average price of $19.75. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $20.99.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same quarter in the prior year, the business posted $0.78 EPS. Sell-side analysts predict that FS KKR Capital will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. 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 of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is presently 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.