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

FS KKR Capital Corp. (NYSE:FSK) has earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $20.25.

Several brokerages have recently commented on FSK. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th.

Insider Buying and Selling

In related news, insider Brian Gerson bought 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $22.08 per share, with a total value of $110,400.00. Following the completion of the transaction, the insider now directly owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. This represents a 49.46 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 11,500 shares of company stock valued at $248,910. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Saxony Capital Management LLC bought a new position in FS KKR Capital in the 4th quarter worth about $208,000. AA Financial Advisors LLC grew its holdings in FS KKR Capital by 11.8% in the 4th quarter. AA Financial Advisors LLC now owns 111,156 shares of the company’s stock worth $2,414,000 after buying an additional 11,727 shares in the last quarter. EMC Capital Management increased its position in FS KKR Capital by 95.0% in the 4th quarter. EMC Capital Management now owns 13,804 shares of the company’s stock valued at $300,000 after acquiring an additional 6,724 shares during the period. Gries Financial LLC raised its stake in FS KKR Capital by 27.3% during the 4th quarter. Gries Financial LLC now owns 72,845 shares of the company’s stock valued at $1,582,000 after acquiring an additional 15,625 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its position in FS KKR Capital by 2.6% during the 4th quarter. Strategic Blueprint LLC now owns 105,906 shares of the company’s stock worth $2,300,000 after acquiring an additional 2,635 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Price Performance

FSK stock opened at $22.53 on Friday. The company has a market capitalization of $6.31 billion, a PE ratio of 11.98 and a beta of 1.24. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average is $21.66 and its two-hundred day moving average is $20.62. FS KKR Capital has a 52-week low of $18.31 and a 52-week high of $22.55.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the prior year, the company posted $0.80 earnings per share. Analysts predict that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

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.