FS KKR Capital Corp. (NYSE:FSK – Get Free Report) 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.
Read Our Latest Analysis on FSK
Insider Activity at FS KKR Capital
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 – Get Free Report) 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.
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