Keefe, Bruyette & Woods Cuts FS KKR Capital (NYSE:FSK) Price Target to $20.00

FS KKR Capital (NYSE:FSK) had its target price lowered by Keefe, Bruyette & Woods from $22.00 to $20.00 in a report issued on Tuesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other research analysts have also weighed in on FSK. Royal Bank of Canada lowered their price objective on FS KKR Capital from $21.00 to $20.00 and set a sector perform rating for the company in a research report on Wednesday, February 28th. Wells Fargo & Company raised their price target on FS KKR Capital from $19.00 to $20.00 and gave the stock an equal weight rating in a research report on Monday, January 29th. Hovde Group restated a market perform rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, February 28th. Truist Financial lowered their price target on FS KKR Capital from $22.00 to $20.00 and set a hold rating for the company in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their price target on FS KKR Capital from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Friday, April 12th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average price target of $20.17.

FS KKR Capital Trading Up 0.2 %

Shares of FS KKR Capital stock opened at $18.85 on Tuesday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 7.57 and a beta of 1.25. FS KKR Capital has a fifty-two week low of $17.50 and a fifty-two week high of $20.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a 50 day moving average of $19.26 and a 200 day moving average of $19.68.

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

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 13.58%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s payout ratio is currently 102.81%.

Insider Activity

In related news, insider Daniel Pietrzak acquired 7,300 shares of FS KKR Capital stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the purchase, the insider now owns 39,800 shares in the company, valued at $745,454. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

Institutional Trading of FS KKR Capital

Several hedge funds have recently modified their holdings of FSK. US Bancorp DE raised its stake in shares of FS KKR Capital by 23.1% in the first quarter. US Bancorp DE now owns 7,993 shares of the company’s stock valued at $182,000 after acquiring an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in FS KKR Capital by 120.5% in the first quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock valued at $161,000 after buying an additional 3,861 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in FS KKR Capital by 4.9% in the first quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company’s stock valued at $2,181,000 after buying an additional 4,157 shares in the last quarter. Ergoteles LLC acquired a new stake in FS KKR Capital in the first quarter valued at $414,000. Finally, Symphony Financial Ltd. Co. raised its stake in FS KKR Capital by 11.9% in the first quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock valued at $718,000 after buying an additional 3,359 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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.