FS KKR Capital (NYSE:FSK) Price Target Raised to $22.00 at Keefe, Bruyette & Woods

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

A number of other equities research analysts have also recently issued reports on FSK. JPMorgan Chase & Co. lifted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.70.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $22.66 on Monday. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 12.05 and a beta of 1.22. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $24.10. The firm’s 50 day simple moving average is $22.66 and its 200-day simple moving average is $21.31. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Analysts expect that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

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

Institutional Investors Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in FS KKR Capital during the 4th quarter worth $33,000. Fourth Dimension Wealth LLC acquired a new stake in FS KKR Capital during the 4th quarter worth $33,000. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% during 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 last quarter. Jones Financial Companies Lllp raised its holdings in shares of FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after acquiring an additional 1,554 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of FS KKR Capital during the 4th quarter worth $52,000. 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.