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

FS KKR Capital (NYSE:FSK) had its price target raised by Keefe, Bruyette & Woods from $21.00 to $22.00 in a research report report published on Monday,Benzinga reports. The firm currently has a market perform rating on the stock.

Several other analysts have also commented on FSK. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. B. Riley lowered 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 report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.70.

FS KKR Capital Stock Performance

FSK stock opened at $22.66 on Monday. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 12.05 and a beta of 1.22. The firm has a 50-day simple moving average of $22.66 and a two-hundred day simple moving average of $21.31. FS KKR Capital has a one year low of $18.31 and a one year high of $24.10. 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 released its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. On average, equities analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

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

Hedge Funds Weigh In On FS KKR Capital

Institutional investors have recently bought and sold shares of the business. Fountainhead AM LLC raised its position in FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after buying an additional 71,644 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after buying an additional 104,016 shares during the last quarter. Proactive Wealth Strategies LLC raised its position in FS KKR Capital by 24.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock worth $1,411,000 after buying an additional 12,926 shares during the last quarter. Advisors Asset Management Inc. raised its position in FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after buying an additional 39,086 shares during the last quarter. Finally, Graypoint LLC raised its position in FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after buying an additional 26,174 shares during the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

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.