FS KKR Capital (NYSE:FSK) Downgraded by Wells Fargo & Company to “Underweight”

Wells Fargo & Company cut shares of FS KKR Capital (NYSE:FSK) from an equal weight rating to an underweight rating in a research note published on Monday, MarketBeat Ratings reports. They currently have $19.00 target price on the stock, down from their prior target price of $21.00.

A number of other analysts have also recently issued reports on FSK. Keefe, Bruyette & Woods increased their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, FS KKR Capital has an average rating of “Hold” and an average target price of $21.30.

FS KKR Capital Stock Down 1.0 %

FSK opened at $21.23 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 firm has a 50 day moving average price of $22.67 and a 200-day moving average price of $21.43. FS KKR Capital has a twelve month low of $18.33 and a twelve month high of $24.10. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 11.29 and a beta of 1.22.

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

FS KKR Capital Dividend Announcement

The company also recently announced 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 13.19%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Institutional Investors Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in FS KKR Capital in the 4th quarter worth about $33,000. Fourth Dimension Wealth LLC purchased a new position in FS KKR Capital during the 4th quarter valued at about $33,000. McIlrath & Eck LLC increased its position in FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the period. Jones Financial Companies Lllp increased its position in FS KKR Capital by 194.5% during the 4th 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 position in FS KKR Capital during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.