FS KKR Capital (NYSE:FSK) Price Target Lowered to $20.00 at Keefe, Bruyette & Woods

FS KKR Capital (NYSE:FSK) had its price target lowered by Keefe, Bruyette & Woods from $22.00 to $20.00 in a research note published on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other equities analysts have also commented on FSK. Royal Bank of Canada decreased their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a sector perform rating on the stock in a report on Wednesday, February 28th. Hovde Group reissued a market perform rating and issued a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $18.00 to $19.00 and gave the stock a neutral rating in a research note on Friday, April 12th. Wells Fargo & Company increased their price objective on 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. Finally, Truist Financial dropped their target price on FS KKR Capital from $22.00 to $20.00 and set a hold rating for the company in a research report on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $20.17.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $19.16 on Tuesday. The business has a 50-day simple moving average of $19.20 and a 200 day simple moving average of $19.66. FS KKR Capital has a 52 week low of $17.50 and a 52 week high of $20.99. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 7.69 and a beta of 1.25. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $447.00 million during the quarter, compared to analyst estimates of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same quarter in the previous year, the firm earned $0.81 earnings per share. On average, research analysts forecast that FS KKR Capital will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were given a dividend of $0.64 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 annualized dividend and a yield of 13.36%. FS KKR Capital’s payout ratio is 102.81%.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 7,300 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently modified their holdings of FSK. Van ECK Associates Corp increased its holdings in FS KKR Capital by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock valued at $103,941,000 after purchasing an additional 494,184 shares during the period. International Assets Investment Management LLC increased its stake in shares of FS KKR Capital by 951.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock valued at $75,547,000 after buying an additional 3,423,145 shares during the period. Morgan Stanley raised its holdings in shares of FS KKR Capital by 12.0% during the third quarter. Morgan Stanley now owns 3,065,041 shares of the company’s stock valued at $60,351,000 after acquiring an additional 328,042 shares in the last quarter. LPL Financial LLC raised its holdings in shares of FS KKR Capital by 2.3% during the third quarter. LPL Financial LLC now owns 2,997,068 shares of the company’s stock valued at $59,012,000 after acquiring an additional 66,636 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in FS KKR Capital by 4.1% in the fourth quarter. Legal & General Group Plc now owns 2,405,870 shares of the company’s stock worth $48,033,000 after acquiring an additional 95,467 shares during the period. 36.26% of the stock is owned by institutional investors.

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.