Keefe, Bruyette & Woods Cuts FS KKR Capital (NYSE:FSK) Price Target to $11.00

FS KKR Capital (NYSE:FSK) had its target price reduced by Keefe, Bruyette & Woods from $15.00 to $11.00 in a report issued on Thursday,Benzinga reports. They currently have a market perform rating on the stock.

Several other equities research analysts also recently weighed in on FSK. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. JPMorgan Chase & Co. cut their target price on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Truist Financial reduced their target price on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. Wells Fargo & Company decreased their price target on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Finally, Royal Bank Of Canada lowered their price target on FS KKR Capital from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, April 6th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $12.50.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $11.38 on Thursday. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 379.43 and a beta of 0.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. FS KKR Capital has a one year low of $9.72 and a one year high of $22.68. The company’s 50-day moving average is $11.21 and its 200 day moving average is $13.60.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.During the same period last year, the firm posted $0.66 earnings per share. Sell-side analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently announced a special dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s dividend payout ratio (DPR) is currently 6,000.00%.

Insider Buying and Selling

In related news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the insider owned 64,800 shares in the company, valued at approximately $729,000. This represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Institutional Trading of FS KKR Capital

Large investors have recently modified their holdings of the company. Aries Wealth Management increased its position in FS KKR Capital by 3.1% during the third quarter. Aries Wealth Management now owns 23,565 shares of the company’s stock valued at $352,000 after acquiring an additional 700 shares during the last quarter. Bison Wealth LLC boosted its position in FS KKR Capital by 3.4% in the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after purchasing an additional 720 shares during the last quarter. Kathmere Capital Management LLC grew its stake in shares of FS KKR Capital by 2.5% during the 4th quarter. Kathmere Capital Management LLC now owns 37,305 shares of the company’s stock valued at $552,000 after purchasing an additional 900 shares during the period. Acorn Wealth Advisors LLC grew its stake in shares of FS KKR Capital by 1.4% during the 4th quarter. Acorn Wealth Advisors LLC now owns 65,079 shares of the company’s stock valued at $964,000 after purchasing an additional 914 shares during the period. Finally, Private Trust Co. NA increased its position in shares of FS KKR Capital by 5.5% during the 3rd quarter. Private Trust Co. NA now owns 17,850 shares of the company’s stock valued at $267,000 after purchasing an additional 936 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.