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

FS KKR Capital (NYSE:FSK) had its price objective hoisted by JPMorgan Chase & Co. from $18.00 to $19.00 in a report released on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. Truist Financial decreased their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a hold rating for the company in a report on Wednesday, February 28th. Wells Fargo & Company increased their target price on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an equal weight rating in a research note on Monday, January 29th. Hovde Group reissued a market perform rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, February 28th. Compass Point lowered shares of FS KKR Capital from a buy rating to a neutral rating and cut their target price for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada cut their target price 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. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, FS KKR Capital currently has a consensus rating of Hold and an average price target of $20.19.

FS KKR Capital Trading Down 1.0 %

FS KKR Capital stock opened at $18.82 on Friday. The firm has a 50 day simple moving average of $19.29 and a 200-day simple moving average of $19.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $5.27 billion, a PE ratio of 7.56 and a beta of 1.25. FS KKR Capital has a 12-month low of $17.50 and a 12-month high of $20.99.

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

FS KKR Capital Cuts Dividend

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

Insider Buying and Selling

In other news, insider Daniel Pietrzak acquired 7,300 shares of the firm’s stock in a transaction that occurred 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 purchase, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in shares of FS KKR Capital by 10.5% during the 4th 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 stake in shares of FS KKR Capital by 951.3% during the 4th 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 stake in shares of FS KKR Capital by 12.0% during the 3rd 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 stake in shares of FS KKR Capital by 2.3% during the 3rd 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 stake in shares of FS KKR Capital by 4.1% during the 4th 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 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.