Brokerages Set FS KKR Capital Corp. (NYSE:FSK) PT at $20.17

FS KKR Capital Corp. (NYSE:FSK) has been given an average recommendation of “Hold” by the nine ratings firms that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.17.

A number of analysts have weighed in on FSK shares. Hovde Group reissued a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Wells Fargo & Company increased their target price on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods decreased their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada reduced their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $18.73 per share, with a total value of $136,729.00. Following the transaction, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by insiders.

Institutional Trading of FS KKR Capital

Several hedge funds have recently bought and sold shares of the business. Norden Group LLC acquired a new stake in FS KKR Capital in the 1st quarter valued at $1,362,000. SeaCrest Wealth Management LLC grew its position in FS KKR Capital by 47.6% in the 1st quarter. SeaCrest Wealth Management LLC now owns 91,708 shares of the company’s stock valued at $1,749,000 after purchasing an additional 29,586 shares during the period. Naviter Wealth LLC grew its position in FS KKR Capital by 983.6% in the 1st quarter. Naviter Wealth LLC now owns 131,298 shares of the company’s stock valued at $2,595,000 after purchasing an additional 119,181 shares during the period. Atticus Wealth Management LLC grew its position in FS KKR Capital by 14.1% in the 1st quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock valued at $87,000 after purchasing an additional 562 shares during the period. Finally, Atlantic Union Bankshares Corp grew its position in FS KKR Capital by 53.3% in the 1st quarter. Atlantic Union Bankshares Corp now owns 23,147 shares of the company’s stock valued at $441,000 after purchasing an additional 8,049 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Up 1.2 %

Shares of NYSE FSK opened at $19.40 on Wednesday. The company has a 50 day simple moving average of $19.19 and a 200 day simple moving average of $19.66. The firm has a market cap of $5.43 billion, a PE ratio of 7.79 and a beta of 1.25. FS KKR Capital has a 1 year low of $17.50 and a 1 year high of $20.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same quarter in the prior year, the firm posted $0.81 EPS. On average, research analysts forecast that FS KKR Capital will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 13.20%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s payout ratio is currently 102.81%.

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.