FS KKR Capital (NYSE:FSK) Price Target Raised to $19.00 at JPMorgan Chase & Co.

FS KKR Capital (NYSE:FSK) had its price target increased by JPMorgan Chase & Co. from $18.00 to $19.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently weighed in on FSK. Compass Point downgraded shares of FS KKR Capital from a buy rating to a neutral rating and dropped their target price for the stock from $21.50 to $19.50 in a research note on Tuesday, February 27th. Wells Fargo & Company boosted their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an equal weight rating in a research note on Monday, January 29th. Truist Financial dropped their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a hold rating for the company in a research note on Wednesday, February 28th. Royal Bank of Canada dropped their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a sector perform rating for the company in a research note on Wednesday, February 28th. Finally, Hovde Group reissued a market perform rating and set a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, FS KKR Capital currently has a consensus rating of Hold and a consensus price target of $20.19.

FS KKR Capital Trading Down 1.0 %

Shares of NYSE FSK opened at $18.82 on Friday. FS KKR Capital has a 1-year low of $17.50 and a 1-year high of $20.99. The company has a market cap of $5.27 billion, a PE ratio of 7.56 and a beta of 1.25. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $19.29 and a two-hundred day moving average of $19.68.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The company had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. During the same period in the previous year, the firm posted $0.81 earnings per share. As a group, equities analysts expect that FS KKR Capital will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 13.60%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s payout ratio is presently 102.81%.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak bought 7,300 shares of the stock in a transaction on Wednesday, February 28th. The stock was purchased at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, the insider now owns 39,800 shares of the company’s stock, valued at $745,454. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

Large investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of FS KKR Capital by 10.5% in the fourth quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock valued at $103,941,000 after buying an additional 494,184 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of FS KKR Capital by 951.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock valued at $75,547,000 after buying an additional 3,423,145 shares during the period. Morgan Stanley boosted its holdings in shares of FS KKR Capital by 12.0% in the third quarter. Morgan Stanley now owns 3,065,041 shares of the company’s stock valued at $60,351,000 after buying an additional 328,042 shares during the period. LPL Financial LLC boosted its holdings in shares of FS KKR Capital by 2.3% in the third quarter. LPL Financial LLC now owns 2,997,068 shares of the company’s stock valued at $59,012,000 after buying an additional 66,636 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of FS KKR Capital by 4.1% in the fourth quarter. Legal & General Group Plc now owns 2,405,870 shares of the company’s stock valued at $48,033,000 after buying an additional 95,467 shares during the period. 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.