FS KKR Capital Corp. (NYSE:FSK) Receives $17.50 Average Price Target from Analysts

by · The Cerbat Gem

FS KKR Capital Corp. (NYSE:FSK – Get Free Report) has earned an average rating of “Reduce” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.50.

A number of equities analysts recently commented on FSK shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Wells Fargo & Company raised FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target for the company in a report on Monday, October 6th. JPMorgan Chase & Co. decreased their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th.

Read Our Latest Stock Report on FSK

FS KKR Capital Stock Up 1.0%

Shares of FS KKR Capital stock opened at $16.13 on Tuesday. The business has a 50-day simple moving average of $15.18 and a 200-day simple moving average of $18.36. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. FS KKR Capital has a one year low of $14.05 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The company had revenue of $373.00 million during the quarter, compared to the consensus estimate of $374.89 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, sell-side analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is 263.92%.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 10,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the completion of the transaction, the insider owned 59,800 shares of the company’s stock, valued at approximately $905,970. This trade represents a 20.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael C. Forman bought 10,000 shares of FS KKR Capital stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average cost of $15.50 per share, with a total value of $155,000.00. Following the completion of the acquisition, the chief executive officer directly owned 24,220 shares in the company, valued at approximately $375,410. The trade was a 70.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 20,330 shares of company stock valued at $312,480. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new stake in shares of FS KKR Capital in the third quarter valued at approximately $38,000. CIBC Bancorp USA Inc. purchased a new stake in FS KKR Capital in the 3rd quarter valued at $198,000. Alpine Global Management LLC acquired a new stake in FS KKR Capital during the 3rd quarter worth $1,477,000. Sunbelt Securities Inc. grew its position in FS KKR Capital by 57.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 52,700 shares of the company’s stock worth $787,000 after purchasing an additional 19,253 shares during the last quarter. Finally, Armistice Capital LLC purchased a new position in FS KKR Capital during the 3rd quarter worth $763,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

About FS KKR Capital

(Get Free Report)

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.

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