FS KKR Capital (NYSE:FSK) Price Target Raised to $22.00 at Royal Bank of Canada

FS KKR Capital (NYSE:FSK) had its price objective upped by Royal Bank of Canada from $21.00 to $22.00 in a report released on Monday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

FSK has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.70.

FS KKR Capital Price Performance

NYSE:FSK opened at $23.13 on Monday. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $24.10. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 12.30 and a beta of 1.25. The company’s 50-day moving average is $22.61 and its two-hundred day moving average is $21.28. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Research analysts expect that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 12.11%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $21.31 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 6,500 shares of company stock valued at $138,510. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FSK. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at about $33,000. Fourth Dimension Wealth LLC purchased a new position in FS KKR Capital in the 4th quarter worth approximately $33,000. McIlrath & Eck LLC grew its position in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after purchasing an additional 1,554 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $52,000. 36.26% of the stock is owned by hedge funds and other 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.