FS KKR Capital Corp. (NYSE:FSK – Get Free Report) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating. The average twelve-month price target among brokerages that have covered the stock in the last year is $20.25.
FSK has been the subject of a number of research analyst reports. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Royal Bank of Canada increased their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd.
Check Out Our Latest Stock Analysis on FS KKR Capital
FS KKR Capital Price Performance
FS KKR Capital (NYSE:FSK – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current year.
Insider Buying and Selling
In related news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the acquisition, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have bought 11,500 shares of company stock worth $248,910. Insiders own 0.25% of the company’s stock.
Hedge Funds Weigh In On FS KKR Capital
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wescott Financial Advisory Group LLC grew its holdings in FS KKR Capital by 2.9% during the third quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after purchasing an additional 600 shares during the last quarter. McIlrath & Eck LLC grew its holdings in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. Centaurus Financial Inc. grew its holdings in FS KKR Capital by 0.8% during the third quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after purchasing an additional 935 shares during the last quarter. Souders Financial Advisors grew its holdings in FS KKR Capital by 3.9% during the second quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock valued at $497,000 after purchasing an additional 950 shares during the last quarter. Finally, Confluence Investment Management LLC grew its stake in shares of FS KKR Capital by 1.9% in the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock worth $1,039,000 after acquiring an additional 991 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.
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.
Further Reading
- Five stocks we like better than FS KKR Capital
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- SAP’s Strong Momentum: A Bullish Setup for Investors
- Top Biotech Stocks: Exploring Innovation Opportunities
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- Canada Bond Market Holiday: How to Invest and Trade
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
Receive News & Ratings for FS KKR Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS KKR Capital and related companies with MarketBeat.com's FREE daily email newsletter.