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

Shares of FS KKR Capital Corp. (NYSE:FSK) have earned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.19.

Several equities analysts have weighed in on FSK shares. Royal Bank of Canada lifted their price objective 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. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday.

FS KKR Capital Stock Down 1.1 %

Shares of FS KKR Capital stock opened at $21.99 on Thursday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $22.39. The firm has a market capitalization of $6.16 billion, a PE ratio of 11.69 and a beta of 1.25. The stock’s fifty day moving average is $20.68 and its 200-day moving average is $20.20.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company 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. Equities analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio is 136.17%.

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. raised its holdings in FS KKR Capital by 14.1% during the third quarter. Franklin Resources Inc. now owns 360,256 shares of the company’s stock valued at $7,284,000 after buying an additional 44,557 shares in the last quarter. Sfmg LLC lifted its holdings in FS KKR Capital by 1.7% in the 3rd quarter. Sfmg LLC now owns 127,286 shares of the company’s stock worth $2,511,000 after purchasing an additional 2,151 shares during the last quarter. World Investment Advisors LLC boosted its position in FS KKR Capital by 22.9% during the third quarter. World Investment Advisors LLC now owns 17,707 shares of the company’s stock worth $349,000 after purchasing an additional 3,297 shares during the period. 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. Finally, Barclays PLC lifted its stake in shares of FS KKR Capital by 24.8% in the third quarter. Barclays PLC now owns 327,469 shares of the company’s stock worth $6,460,000 after buying an additional 65,054 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

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.