FS KKR Capital (NYSE:FSK) Price Target Raised to $22.00

FS KKR Capital (NYSE:FSK) had its target price boosted by Royal Bank of Canada from $21.00 to $22.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the stock. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.70.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $22.66 on Monday. FS KKR Capital has a one year low of $18.31 and a one year high of $24.10. The company’s 50-day moving average is $22.66 and its 200 day moving average is $21.31. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 12.05 and a beta of 1.22. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. Sell-side analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.36%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s payout ratio is presently 122.49%.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors have recently made changes to their positions in FSK. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of FS KKR Capital in the 4th quarter worth approximately $33,000. Fourth Dimension Wealth LLC bought a new position in shares of FS KKR Capital in the 4th quarter worth approximately $33,000. McIlrath & Eck LLC lifted its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after purchasing an additional 1,554 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital in the 4th quarter worth approximately $52,000. Institutional investors 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.