Royal Bank Of Canada Cuts FS KKR Capital (NYSE:FSK) Price Target to $13.00

FS KKR Capital (NYSE:FSK) had its price target reduced by Royal Bank Of Canada from $15.00 to $13.00 in a research report report published on Monday,Benzinga reports. They currently have a sector perform rating on the stock.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, March 13th. Wells Fargo & Company lowered their price objective on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Keefe, Bruyette & Woods lowered their price objective on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating for the company in a research report on Monday, March 2nd. B. Riley Financial lowered their price objective on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Finally, Zacks Research downgraded FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $13.07.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $10.26 on Monday. FS KKR Capital has a one year low of $9.72 and a one year high of $22.68. The company has a market cap of $2.87 billion, a PE ratio of 341.83 and a beta of 0.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. The business has a 50-day simple moving average of $11.58 and a 200-day simple moving average of $13.82.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.The company had revenue of $348.00 million for the quarter, compared to analyst estimates of $361.59 million. During the same period in the prior year, the firm posted $0.66 earnings per share. On average, equities research analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s payout ratio is presently 6,000.00%.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the purchase, the insider directly owned 64,800 shares in the company, valued at $729,000. This trade represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in FS KKR Capital by 143.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,126,496 shares of the company’s stock valued at $16,683,000 after buying an additional 663,981 shares during the last quarter. World Investment Advisors lifted its stake in FS KKR Capital by 439.9% in the fourth quarter. World Investment Advisors now owns 86,263 shares of the company’s stock valued at $1,278,000 after buying an additional 70,285 shares during the last quarter. Alpine Global Management LLC lifted its stake in FS KKR Capital by 14.6% in the fourth quarter. Alpine Global Management LLC now owns 113,316 shares of the company’s stock valued at $1,678,000 after buying an additional 14,394 shares during the last quarter. Titan Investment Management LLC purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $1,863,000. Finally, Virtu Financial LLC lifted its stake in FS KKR Capital by 222.8% in the fourth quarter. Virtu Financial LLC now owns 69,781 shares of the company’s stock valued at $1,033,000 after buying an additional 48,162 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.