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

Shares of FS KKR Capital Corp. (NYSE:FSK) have earned an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.06.

A number of research firms have weighed in on FSK. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company decreased their price target on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th.

FS KKR Capital Price Performance

FSK stock opened at $20.17 on Wednesday. The firm has a market cap of $5.65 billion, a P/E ratio of 8.40 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $19.75 and its two-hundred day moving average price is $19.77. 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 issued its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, analysts anticipate 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 declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Insider Activity

In related news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other FS KKR Capital news, insider Daniel Pietrzak bought 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, with a total value of $96,050.00. Following the completion of the transaction, the insider now owns 44,800 shares in the company, valued at $860,608. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSK. Summit Securities Group LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter worth $30,000. Ridgewood Investments LLC purchased a new stake in FS KKR Capital during the 2nd quarter worth about $37,000. Mather Group LLC. bought a new stake in shares of FS KKR Capital during the first quarter valued at about $39,000. Rothschild Investment LLC purchased a new position in shares of FS KKR Capital during the 2nd quarter valued at $39,000. Finally, Financial Gravity Asset Management Inc. lifted its stake in FS KKR Capital by 198.7% during the second 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 last quarter. Hedge funds and other institutional investors 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.