FS KKR Capital (NYSE:FSK) Price Target Lowered to $18.00 at Royal Bank Of Canada

FS KKR Capital (NYSE:FSK) had its target price trimmed by Royal Bank Of Canada from $21.00 to $18.00 in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a sector perform rating on the stock.

FSK has been the subject of a number of other reports. Oppenheimer dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Friday, May 9th. B. Riley began coverage on FS KKR Capital in a research note on Tuesday, May 13th. They set a “neutral” rating and a $19.00 target price for the company. Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company cut their target price on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, August 8th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, FS KKR Capital has a consensus rating of “Reduce” and an average target price of $18.42.

FS KKR Capital Trading Up 0.4%

Shares of FS KKR Capital stock opened at $17.95 on Tuesday. FS KKR Capital has a fifty-two week low of $17.35 and a fifty-two week high of $24.10. The business’s fifty day moving average is $20.29 and its two-hundred day moving average is $20.81. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The business had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same period in the prior year, the company earned $0.75 EPS. On average, research analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 15.6%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, September 17th. FS KKR Capital’s dividend payout ratio (DPR) is presently 328.21%.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of FS KKR Capital by 35.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock valued at $607,000 after buying an additional 7,620 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of FS KKR Capital in the 1st quarter valued at $6,383,000. Oppenheimer & Co. Inc. lifted its stake in shares of FS KKR Capital by 5.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock valued at $356,000 after purchasing an additional 945 shares during the last quarter. Stifel Financial Corp raised its holdings in FS KKR Capital by 18.2% in the 4th quarter. Stifel Financial Corp now owns 345,606 shares of the company’s stock worth $7,507,000 after acquiring an additional 53,110 shares during the period. Finally, BridgePort Financial Solutions LLC bought a new position in FS KKR Capital in the 4th quarter worth $385,000. 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.