Analysts Set FS KKR Capital Corp. (NYSE:FSK) Target Price at $20.25

FS KKR Capital Corp. (NYSE:FSK) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $20.25.

FSK has been the subject of several recent research reports. Royal Bank of Canada upped 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. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd.

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the transaction, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders acquired 11,500 shares of company stock worth $248,910. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Large investors have recently made changes to their positions in the business. McIlrath & Eck LLC boosted its position in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in FS KKR Capital during the fourth quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after buying an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after buying an additional 3,744 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in FS KKR Capital by 14.9% during the third quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after buying an additional 1,280 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.9 %

FS KKR Capital stock opened at $22.46 on Friday. The company has a 50-day simple moving average of $21.60 and a 200-day simple moving average of $20.59. The firm has a market capitalization of $6.29 billion, a P/E ratio of 11.95 and a beta of 1.24. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital has a one year low of $18.31 and a one year high of $22.47.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.80 earnings per share. As a group, equities analysts expect that FS KKR Capital will post 2.89 earnings per share for the current year.

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.