Wells Fargo & Company Issues Pessimistic Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price target reduced by Wells Fargo & Company from $21.00 to $20.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.94.

FS KKR Capital Stock Down 0.5 %

FSK opened at $20.15 on Tuesday. The stock’s 50 day moving average price is $20.07 and its 200 day moving average price is $19.90. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market cap of $5.64 billion, a P/E ratio of 8.91 and a beta of 1.25. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $20.99.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same period last year, the company earned $0.78 earnings per share. As a group, research analysts predict that FS KKR Capital will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This represents a yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is presently 113.27%.

Insider Transactions at FS KKR Capital

In related news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at $860,608. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in FS KKR Capital in the 2nd quarter worth approximately $19,544,000. Cetera Investment Advisers grew its position in FS KKR Capital by 368.3% during the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after purchasing an additional 697,453 shares in the last quarter. Maia Wealth LLC purchased a new position in FS KKR Capital during the 2nd quarter worth approximately $10,560,000. Finally, 1832 Asset Management L.P. lifted its holdings in shares of FS KKR Capital by 529.7% in the first quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after purchasing an additional 513,239 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

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.