FS KKR Capital Corp. (NYSE:FSK) Receives $20.28 Consensus Target Price from Brokerages

FS KKR Capital Corp. (NYSE:FSK) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.28.

Several brokerages have issued reports on FSK. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th. B. Riley reaffirmed a “buy” rating and issued a $21.00 target price (up previously from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. JPMorgan Chase & Co. lifted their target price on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Wells Fargo & Company raised shares of FS KKR Capital from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $21.00 in a report on Wednesday, May 29th.

FS KKR Capital Trading Up 0.0 %

Shares of FS KKR Capital stock opened at $20.16 on Monday. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $20.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. The company has a market capitalization of $5.65 billion, a P/E ratio of 8.40 and a beta of 1.26. The company’s fifty day moving average is $19.88 and its two-hundred day moving average is $19.75.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. The company had revenue of $434.00 million for the quarter, compared to the consensus estimate of $429.46 million. Analysts forecast that FS KKR Capital will post 2.83 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.80 dividend on an annualized basis and a yield of 13.89%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s payout ratio is currently 106.67%.

Insider Buying and Selling

In other FS KKR Capital news, Director Barbara Adams bought 3,381 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was bought at an average price of $20.10 per share, for a total transaction of $67,958.10. Following the completion of the transaction, the director now owns 22,082 shares in the company, valued at approximately $443,848.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Hedge Funds 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. International Assets Investment Management LLC raised its position in FS KKR Capital by 951.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after acquiring an additional 3,423,145 shares during the last quarter. Van ECK Associates Corp raised its position in FS KKR Capital by 26.9% during the first quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock worth $125,935,000 after acquiring an additional 1,398,998 shares during the last quarter. Cetera Investment Advisers raised its position in FS KKR Capital by 368.3% during the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after acquiring an additional 697,453 shares during the last quarter. MGO One Seven LLC raised its position in shares of FS KKR Capital by 2,065.4% in the fourth quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock valued at $11,999,000 after buying an additional 573,086 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of FS KKR Capital by 529.7% in the first quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after buying an additional 513,239 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

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.