JPMorgan Chase & Co. Issues Positive Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its target price lifted by JPMorgan Chase & Co. from $20.00 to $22.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada raised 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 reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.63.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $23.25 on Monday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $6.51 billion, a PE ratio of 12.36 and a beta of 1.24. The firm has a fifty day simple moving average of $21.86 and a 200 day simple moving average of $20.75. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $23.47.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same period in the previous year, the business earned $0.80 EPS. On average, sell-side analysts forecast that FS KKR Capital will post 2.89 EPS for the current year.

Insider Activity at FS KKR Capital

In other news, insider Brian Gerson bought 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in FS KKR Capital by 15.3% during the second quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock worth $508,000 after acquiring an additional 3,415 shares during the period. Marshall Wace LLP bought a new stake in shares of FS KKR Capital during the 2nd quarter worth $206,000. Squarepoint Ops LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter worth about $623,000. SG Americas Securities LLC grew its position in FS KKR Capital by 32.1% during the third quarter. SG Americas Securities LLC now owns 10,317 shares of the company’s stock valued at $204,000 after buying an additional 2,509 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in FS KKR Capital during the third quarter worth about $468,000. Institutional investors own 36.26% of the company’s stock.

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.