Brokerages Set FS KKR Capital Corp. (NYSE:FSK) PT at $19.94

Shares of FS KKR Capital Corp. (NYSE:FSK) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.94.

A number of research analysts have commented on the stock. Wells Fargo & Company decreased 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 research report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th.

FS KKR Capital Trading Up 1.2 %

Shares of FSK stock opened at $20.29 on Friday. The company’s 50-day moving average price is $20.07 and its 200-day moving average price is $19.93. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 8.98 and a beta of 1.25. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $20.99.

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

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is currently 113.27%.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the company’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 transaction of $3,816,918.84. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds have recently added to or reduced their stakes in the stock. Proactive Wealth Strategies LLC purchased a new position in FS KKR Capital in the third quarter valued at approximately $1,027,000. First National Trust Co increased its stake in FS KKR Capital by 108.7% in the third quarter. First National Trust Co now owns 96,636 shares of the company’s stock valued at $1,907,000 after purchasing an additional 50,327 shares during the last quarter. Fountainhead AM LLC increased its stake in FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after purchasing an additional 71,644 shares during the last quarter. Sigma Planning Corp increased its stake in FS KKR Capital by 11.0% in the third quarter. Sigma Planning Corp now owns 193,681 shares of the company’s stock valued at $3,821,000 after purchasing an additional 19,210 shares during the last quarter. Finally, Confluence Investment Management LLC increased its stake in FS KKR Capital by 1.9% in the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after purchasing an additional 991 shares during the last quarter. 36.26% of the stock is currently 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.