Analysts Set FS KKR Capital Corp. (NYSE:FSK) Price Target at $19.94

Shares of FS KKR Capital Corp. (NYSE:FSK - Get Free Report) have earned a consensus recommendation of "Hold" from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.94.

FSK has been the topic of several recent research reports. Royal Bank of Canada restated a "sector perform" rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company cut 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.

FS KKR Capital Trading Down 0.5 %

Shares of FS KKR Capital stock traded down $0.10 during trading on Friday, reaching $20.14. The company's stock had a trading volume of 1,241,255 shares, compared to its average volume of 1,055,415. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital has a 52-week low of $18.31 and a 52-week high of $20.99. The firm's 50-day moving average is $20.07 and its two-hundred day moving average is $19.92. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 8.91 and a beta of 1.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The business had revenue of $439.00 million during the quarter, compared to analyst estimates 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 business posted $0.78 earnings per share. On average, sell-side analysts anticipate that FS KKR Capital will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid 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 payout ratio is presently 113.27%.

Insider Buying and Selling

In related news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost 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 approximately $860,608. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael C. Forman sold 195,139 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Institutional Trading of FS KKR Capital

Institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in shares of FS KKR Capital in the second quarter worth approximately $30,000. Ridgewood Investments LLC bought a new position in FS KKR Capital in the 2nd quarter valued at approximately $37,000. Rothschild Investment LLC purchased a new stake in FS KKR Capital during the 2nd quarter valued at $39,000. Financial Gravity Asset Management Inc. increased its holdings in shares of FS KKR Capital by 198.7% in the 2nd 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 in the last quarter. Finally, New Millennium Group LLC purchased a new position in shares of FS KKR Capital in the second quarter worth $50,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

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.