FS KKR Capital (NYSE:FSK) Price Target Lowered to $13.00 at Royal Bank Of Canada

FS KKR Capital (NYSE:FSK) had its target price trimmed by Royal Bank Of Canada from $15.00 to $13.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

Several other equities research analysts also recently weighed in on FSK. Truist Financial cut their target price on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. B. Riley Financial cut their target price on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods cut their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating on the stock in a research note on Monday, March 2nd. Zacks Research downgraded shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $13.07.

FS KKR Capital Price Performance

Shares of FSK opened at $10.73 on Monday. FS KKR Capital has a fifty-two week low of $9.72 and a fifty-two week high of $22.68. The firm’s 50 day moving average price is $11.73 and its 200 day moving average price is $13.88. The company has a market cap of $3.00 billion, a P/E ratio of 357.50 and a beta of 0.83. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.The business had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $361.59 million. During the same period in the previous year, the company earned $0.66 earnings per share. On average, research analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

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

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the acquisition, the insider owned 64,800 shares of the company’s stock, valued at $729,000. This trade represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently modified their holdings of FSK. Bison Wealth LLC raised its holdings in shares of FS KKR Capital by 3.4% in the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after purchasing an additional 720 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of FS KKR Capital by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock valued at $5,612,000 after buying an additional 32,258 shares during the last quarter. Empowered Funds LLC grew its position in shares of FS KKR Capital by 139.9% in the 1st quarter. Empowered Funds LLC now owns 26,744 shares of the company’s stock valued at $560,000 after buying an additional 15,596 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of FS KKR Capital by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,925 shares of the company’s stock valued at $330,000 after buying an additional 1,799 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of FS KKR Capital in the 2nd quarter valued at $1,098,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Company Profile

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.