FS KKR Capital Corp. (NYSE:FSK) Given Consensus Rating of “Hold” by Brokerages

FS KKR Capital Corp. (NYSE:FSK) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.94.

Several research analysts have recently commented on FSK shares. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, August 14th.

Insider Buying and Selling

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael C. Forman sold 195,139 shares of the firm’s 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 currently owned by company insiders.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds have recently modified their holdings of FSK. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital during the second quarter worth $30,000. Ridgewood Investments LLC bought a new position in FS KKR Capital during the second quarter worth $37,000. Rothschild Investment LLC bought a new position in FS KKR Capital during the second quarter worth $39,000. Financial Gravity Asset Management Inc. raised 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 buying an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC bought a new position in FS KKR Capital during the second quarter worth $50,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Down 0.5 %

Shares of NYSE:FSK opened at $20.14 on Friday. FS KKR Capital has a 52-week low of $18.31 and a 52-week high of $20.99. The company has a market capitalization of $5.64 billion, a P/E ratio of 8.91 and a beta of 1.25. The company has a 50-day simple moving average of $20.07 and a 200 day simple moving average of $19.91. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34.

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

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors 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. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) is currently 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.