Royal Bank of Canada Increases FS KKR Capital (NYSE:FSK) Price Target to $22.00

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

FSK has been the subject of a number of other reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. 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 report on Monday, February 3rd. Finally, B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average price target of $21.70.

FS KKR Capital Price Performance

NYSE FSK opened at $22.66 on Monday. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $24.10. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 12.05 and a beta of 1.22. The company’s 50 day moving average is $22.66 and its two-hundred day moving average is $21.31. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. As a group, research analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.70 dividend. 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 dividend payout ratio (DPR) is presently 122.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FSK. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of FS KKR Capital in the fourth quarter valued at $33,000. Fourth Dimension Wealth LLC purchased a new position in FS KKR Capital during the fourth quarter worth $33,000. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the period. Jones Financial Companies Lllp boosted its stake in FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after buying an additional 1,554 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in FS KKR Capital during the fourth quarter worth $52,000. 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.