Keefe, Bruyette & Woods Issues Positive Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price target hoisted by Keefe, Bruyette & Woods from $21.00 to $22.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

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

FS KKR Capital Stock Down 1.5 %

FSK stock opened at $23.13 on Monday. The stock has a market cap of $6.48 billion, a P/E ratio of 12.30 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock’s fifty day simple moving average is $22.61 and its two-hundred day simple moving average is $21.28. FS KKR Capital has a 1-year low of $18.31 and a 1-year high of $24.10.

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

FS KKR Capital Announces Dividend

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

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the acquisition, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 6,500 shares of company stock valued at $138,510 over the last three months. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

A number of large investors have recently modified their holdings of FSK. Generali Asset Management SPA SGR purchased a new stake in FS KKR Capital in the 4th quarter worth approximately $17,608,000. Van ECK Associates Corp raised its position in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after buying an additional 673,420 shares in the last quarter. Transce3nd LLC bought a new stake in FS KKR Capital during the fourth quarter valued at $11,173,000. Legacy Investment Solutions LLC purchased a new position in FS KKR Capital during the third quarter worth about $7,830,000. Finally, Raymond James Financial Inc. bought a new position in FS KKR Capital in the 4th quarter worth about $6,499,000. 36.26% of the stock is currently owned by institutional investors.

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.