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

FS KKR Capital Corp. (NYSE:FSK) has been given an average rating of “Hold” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $20.25.

A number of brokerages have issued reports on FSK. 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. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a report on Wednesday, December 11th. Finally, Royal Bank of Canada raised their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the transaction, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders have acquired 11,500 shares of company stock valued at $248,910 over the last quarter. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

Hedge funds have recently made changes to their positions in the business. McIlrath & Eck LLC lifted its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital during the 4th quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after buying an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of FS KKR Capital by 164.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after acquiring an additional 3,744 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in shares of FS KKR Capital by 14.9% in the third quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after acquiring an additional 1,280 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.5 %

NYSE FSK opened at $22.27 on Friday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $22.40. The business has a 50 day moving average price of $21.58 and a two-hundred day moving average price of $20.57. The stock has a market cap of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24.

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

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.