FS KKR Capital (NYSE:FSK) PT Raised to $22.00

FS KKR Capital (NYSE:FSK) had its price target hoisted by Wells Fargo & Company from $21.00 to $22.00 in a research note released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. B. Riley restated a buy rating and set a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a neutral rating in a report on Friday, April 12th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a market perform rating for the company in a report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $20.39.

FS KKR Capital Stock Down 0.1 %

NYSE FSK opened at $20.24 on Friday. The stock has a market cap of $5.67 billion, a PE ratio of 8.43 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $20.99. The firm has a 50-day simple moving average of $20.09 and a 200 day simple moving average of $19.74.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $434.00 million during the quarter, compared to analysts’ expectations of $429.46 million. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. On average, research analysts forecast that FS KKR Capital will post 2.83 EPS for the current year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a yield of 13.84%. FS KKR Capital’s dividend payout ratio (DPR) is presently 106.67%.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, Director Barbara Adams acquired 3,381 shares of FS KKR Capital stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of $20.10 per share, with a total value of $67,958.10. Following the completion of the purchase, the director now owns 22,082 shares in the company, valued at $443,848.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in FSK. International Assets Investment Management LLC boosted its position 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 worth $75,547,000 after purchasing an additional 3,423,145 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of FS KKR Capital by 26.9% during the first quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock worth $125,935,000 after purchasing an additional 1,398,998 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of FS KKR Capital by 368.3% during the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after purchasing an additional 697,453 shares in the last quarter. MGO One Seven LLC boosted its position in shares of FS KKR Capital by 2,065.4% during the fourth quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock worth $11,999,000 after purchasing an additional 573,086 shares in the last quarter. Finally, Maia Wealth LLC bought a new position in shares of FS KKR Capital during the second quarter worth $10,560,000. 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.