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

Shares of FS KKR Capital Corp. (NYSE:FSK) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $20.17.

Several research analysts have recently weighed in on FSK shares. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday. Truist Financial lowered their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock 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 note on Monday, January 29th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their target price for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Finally, Hovde Group restated a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, February 28th.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 7,300 shares of FS KKR Capital stock in a transaction on Wednesday, February 28th. The shares were bought 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.

Institutional Trading of FS KKR Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wescott Financial Advisory Group LLC increased its holdings in FS KKR Capital by 3.2% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 16,200 shares of the company’s stock valued at $324,000 after acquiring an additional 509 shares during the last quarter. Legacy Capital Group California Inc. increased its holdings in shares of FS KKR Capital by 0.3% in the 4th quarter. Legacy Capital Group California Inc. now owns 175,997 shares of the company’s stock worth $3,515,000 after buying an additional 512 shares during the last quarter. Independent Wealth Network Inc. increased its holdings in shares of FS KKR Capital by 2.1% in the 3rd quarter. Independent Wealth Network Inc. now owns 24,876 shares of the company’s stock worth $490,000 after buying an additional 514 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of FS KKR Capital by 2.5% in the 4th quarter. Continuum Advisory LLC now owns 22,025 shares of the company’s stock worth $440,000 after buying an additional 534 shares during the last quarter. Finally, Atticus Wealth Management LLC increased its holdings in shares of FS KKR Capital by 14.1% in the 1st quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock worth $87,000 after buying an additional 562 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Trading Up 1.2 %

Shares of FS KKR Capital stock opened at $19.40 on Wednesday. The company’s fifty day simple moving average is $19.19 and its 200-day simple moving average is $19.66. The stock has a market capitalization 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 issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $447.00 million for 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 last year, the company posted $0.81 EPS. As a group, equities analysts anticipate that FS KKR Capital will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

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