FS KKR Capital Corp. (NYSE:FSK) Given Average Recommendation of “Hold” by Analysts

Shares of FS KKR Capital Corp. (NYSE:FSK) have been given a consensus rating of “Hold” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.06.

Several brokerages recently commented on FSK. Truist Financial reduced their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. 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 note on Wednesday, February 28th. Wells Fargo & Company lifted 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. Finally, Hovde Group reiterated 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.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the acquisition, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

A number of hedge funds have recently made changes to their positions in FSK. US Bancorp DE lifted its holdings in shares of FS KKR Capital by 23.1% in the 1st quarter. US Bancorp DE now owns 7,993 shares of the company’s stock worth $182,000 after acquiring an additional 1,500 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in FS KKR Capital by 120.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock valued at $161,000 after buying an additional 3,861 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in FS KKR Capital by 4.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company’s stock valued at $2,181,000 after buying an additional 4,157 shares during the last quarter. Ergoteles LLC bought a new stake in FS KKR Capital during the 1st quarter valued at $414,000. Finally, Symphony Financial Ltd. Co. raised its holdings in FS KKR Capital by 11.9% during the 1st quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock valued at $718,000 after buying an additional 3,359 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

FSK opened at $19.07 on Friday. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 7.66 and a beta of 1.24. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $19.58 and a 200-day moving average price of $19.74. FS KKR Capital has a twelve month low of $17.50 and a twelve month high of $20.99.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $447.00 million during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.81 earnings per share. Equities analysts expect that FS KKR Capital will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.42%. FS KKR Capital’s payout ratio is 102.81%.

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.