FS KKR Capital (NYSE:FSK) Price Target Lowered to $15.00 at JPMorgan Chase & Co.

FS KKR Capital (NYSE:FSK) had its target price trimmed by JPMorgan Chase & Co. from $18.00 to $15.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently commented on FSK. Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. Royal Bank Of Canada lowered their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Wells Fargo & Company lowered their target price on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research note on Friday, August 8th. Wall Street Zen downgraded FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, FS KKR Capital presently has an average rating of “Reduce” and a consensus target price of $17.75.

FS KKR Capital Trading Down 0.7%

Shares of FSK opened at $14.83 on Wednesday. FS KKR Capital has a 52 week low of $14.77 and a 52 week high of $24.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40. The stock’s 50-day moving average price is $17.93 and its 200-day moving average price is $19.72.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, August 6th. The company reported ($0.60) EPS 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 company had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, equities analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a dividend yield of 18.9%. FS KKR Capital’s payout ratio is currently 328.21%.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds have recently made changes to their positions in FSK. Atlantic Union Bankshares Corp acquired a new position in shares of FS KKR Capital during the second quarter valued at approximately $26,000. Beacon Capital Management Inc. acquired a new position in shares of FS KKR Capital during the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in shares of FS KKR Capital during the first quarter valued at approximately $29,000. Trust Co. of Vermont raised its holdings in shares of FS KKR Capital by 51.0% during the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after acquiring an additional 515 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of FS KKR Capital during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Company Profile

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.