FS KKR Capital Corp. (NYSE:FSK) Receives $21.67 Consensus PT from Brokerages

FS KKR Capital Corp. (NYSE:FSK) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $21.67.

A number of equities analysts have commented on the company. TheStreet cut FS KKR Capital from a “b-” rating to a “c+” rating in a research note on Thursday, November 18th. Wells Fargo & Company decreased their price target on FS KKR Capital from $22.00 to $19.00 and set an “underweight” rating on the stock in a research note on Monday, October 25th. Finally, Zacks Investment Research lowered FS KKR Capital from a “buy” rating to a “hold” rating in a research report on Friday, November 12th.

Shares of FS KKR Capital stock opened at $22.38 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.02 and a quick ratio of 2.02. The business’s 50 day simple moving average is $21.24 and its two-hundred day simple moving average is $21.83. The stock has a market capitalization of $6.38 billion, a P/E ratio of 2.36 and a beta of 1.53. FS KKR Capital has a one year low of $16.52 and a one year high of $23.44.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Sunday, November 7th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The business had revenue of $360.00 million for the quarter, compared to analysts’ expectations of $335.72 million. FS KKR Capital had a return on equity of 8.47% and a net margin of 167.84%. During the same period in the previous year, the firm earned $0.63 EPS. Sell-side analysts expect that FS KKR Capital will post 2.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 4th. Stockholders of record on Wednesday, December 15th were given a $0.62 dividend. The ex-dividend date was Tuesday, December 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 11.08%. FS KKR Capital’s dividend payout ratio is currently 26.19%.

In other news, Director Richard I. Goldstein purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 1st. The shares were bought at an average cost of $21.35 per share, for a total transaction of $32,025.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Todd C. Builione purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 23rd. The shares were purchased at an average price of $21.30 per share, for a total transaction of $106,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 6,950 shares of company stock worth $148,250. Corporate insiders own 0.18% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in FS KKR Capital by 123.5% during the second quarter. Victory Capital Management Inc. now owns 44,929 shares of the company’s stock valued at $966,000 after buying an additional 24,823 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in FS KKR Capital during the second quarter valued at $2,050,000. Envestnet Asset Management Inc. purchased a new position in FS KKR Capital during the second quarter valued at $860,000. US Bancorp DE raised its stake in FS KKR Capital by 115.2% during the second quarter. US Bancorp DE now owns 3,103 shares of the company’s stock valued at $67,000 after buying an additional 1,661 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in FS KKR Capital during the second quarter valued at $264,000. Institutional investors own 31.43% of the company’s stock.

FS KKR Capital Company Profile

FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment and finance company that invests primarily in the debt securities of private middle market U.S. companies. Its objectives are to generate current income and, to a lesser extent, long-term capital appreciation.

Read More: Cost of Equity For A Business, Investors

Receive News & Ratings for FS KKR Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS KKR Capital and related companies with MarketBeat.com's FREE daily email newsletter.