Keefe, Bruyette & Woods Cuts FS KKR Capital (NYSE:FSK) Price Target to $20.00

FS KKR Capital (NYSE:FSK) had its price target lowered by Keefe, Bruyette & Woods from $22.00 to $20.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial reduced their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a hold rating for the company in a research report on Wednesday, February 28th. Royal Bank of Canada lowered their target price on shares of FS KKR Capital from $21.00 to $20.00 and set a sector perform rating on the stock in a report on Wednesday, February 28th. Compass Point downgraded FS KKR Capital from a buy rating to a neutral rating and reduced their price target for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Wells Fargo & Company lifted their price objective on FS KKR Capital from $19.00 to $20.00 and gave the company an equal weight rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on FS KKR Capital from $18.00 to $19.00 and gave the stock a neutral rating in a report on Friday, April 12th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, FS KKR Capital currently has an average rating of Hold and a consensus target price of $20.17.

FS KKR Capital Stock Up 0.6 %

Shares of FSK opened at $19.16 on Tuesday. The firm has a market cap of $5.36 billion, a P/E ratio of 7.69 and a beta of 1.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. FS KKR Capital has a 52 week low of $17.50 and a 52 week high of $20.99. The firm’s 50-day simple moving average is $19.20 and its 200 day simple moving average is $19.66.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $447.00 million for the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, analysts forecast that FS KKR Capital will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 13.36%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s payout ratio is 102.81%.

Insider Activity

In related news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the transaction, the insider now directly owns 39,800 shares in the company, valued at $745,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of FS KKR Capital by 23.1% in the first quarter. US Bancorp DE now owns 7,993 shares of the company’s stock valued at $182,000 after buying an additional 1,500 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of FS KKR Capital by 120.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock valued at $161,000 after purchasing an additional 3,861 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of FS KKR Capital by 4.9% during the first quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company’s stock worth $2,181,000 after buying an additional 4,157 shares during the period. Ergoteles LLC bought a new position in FS KKR Capital during the first quarter worth $414,000. Finally, Symphony Financial Ltd. Co. lifted its holdings in FS KKR Capital by 11.9% in the first quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock valued at $718,000 after buying an additional 3,359 shares during the period. Institutional investors and hedge funds 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.