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

Shares of FS KKR Capital Corp. (NYSE:FSK - Get Free Report) have received an average recommendation of "Hold" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.25.

A number of research firms recently weighed in on FSK. B. Riley downgraded shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price for the company. in a research report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada raised their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a "sector perform" rating in a research note on Monday, November 18th.

FS KKR Capital Trading Up 0.8 %

FS KKR Capital stock traded up $0.17 during mid-day trading on Monday, hitting $21.46. The stock had a trading volume of 1,001,321 shares, compared to its average volume of 1,424,386. The stock has a 50-day simple moving average of $21.13 and a two-hundred day simple moving average of $20.31. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $6.01 billion, a PE ratio of 11.41 and a beta of 1.25. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $22.39.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts' expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the prior year, the business posted $0.80 EPS. As a group, sell-side analysts forecast that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a $0.70 dividend. This is a positive change from FS KKR Capital's previous None dividend of $0.64. The ex-dividend date was Wednesday, December 4th. This represents a dividend yield of 12.7%. FS KKR Capital's dividend payout ratio (DPR) is presently 136.17%.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 5,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the purchase, the insider now owns 49,800 shares of the company's stock, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired a total of 11,500 shares of company stock worth $248,910 in the last ninety days. 0.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter valued at $30,000. Ridgewood Investments LLC bought a new stake in shares of FS KKR Capital during the second quarter worth about $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital in the 2nd quarter worth about $39,000. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its stake in FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company's stock valued at $42,000 after purchasing an additional 1,421 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

FS KKR Capital Company Profile

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.