Brokerages Set FS KKR Capital Corp. (NYSE:FSK) PT at $20.06

FS KKR Capital Corp. (NYSE:FSKGet Free Report) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.06.

Several research firms have commented on FSK. Truist Financial dropped 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 report on Wednesday, February 28th. JPMorgan Chase & Co. reduced their target price on shares of FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Compass Point downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their price target for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Hovde Group restated a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada dropped their target price on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th.

Read Our Latest Analysis on FSK

Insider Buying and Selling

In related news, insider Daniel Pietrzak bought 7,300 shares of the stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the acquisition, the insider now directly owns 39,800 shares in the company, valued at $745,454. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is owned by insiders.

Institutional Trading of FS KKR Capital

A number of institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its holdings in shares of FS KKR Capital by 23.1% in the first quarter. US Bancorp DE now owns 7,993 shares of the company’s stock valued at $182,000 after purchasing an additional 1,500 shares during the period. PNC Financial Services Group Inc. lifted its stake 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 acquiring an additional 3,861 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of FS KKR Capital by 4.9% in 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 acquiring an additional 4,157 shares during the last quarter. Ergoteles LLC acquired a new stake in shares of FS KKR Capital in the first quarter worth $414,000. Finally, Symphony Financial Ltd. Co. raised its holdings in shares of FS KKR Capital by 11.9% during the first quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock worth $718,000 after purchasing an additional 3,359 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

NYSE FSK opened at $18.69 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. FS KKR Capital has a 12 month low of $17.50 and a 12 month high of $20.99. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 7.51 and a beta of 1.24. The company’s 50 day moving average is $19.70 and its two-hundred day moving average is $19.77.

FS KKR Capital (NYSE:FSKGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. During the same period in the previous year, the firm earned $0.81 EPS. As a group, research analysts anticipate that FS KKR Capital will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th will be issued a dividend of $0.64 per share. The ex-dividend date is Tuesday, March 12th. This represents a $2.56 annualized dividend and a yield of 13.70%. FS KKR Capital’s payout ratio is currently 102.81%.

FS KKR Capital Company Profile

(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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Analyst Recommendations for FS KKR Capital (NYSE:FSK)

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