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

FS KKR Capital (NYSE:FSK) had its price objective decreased by Keefe, Bruyette & Woods from $22.00 to $20.00 in a research note released on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

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

FS KKR Capital Stock Performance

NYSE FSK opened at $18.85 on Tuesday. The stock has a market capitalization of $5.28 billion, a PE ratio of 7.57 and a beta of 1.25. The business has a 50 day simple moving average of $19.26 and a two-hundred day simple moving average of $19.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. FS KKR Capital has a 1-year low of $17.50 and a 1-year high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The company had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $452.39 million. During the same quarter in the previous year, the business earned $0.81 EPS. On average, research analysts predict that FS KKR Capital will post 2.83 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 13.58%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is presently 102.81%.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 7,300 shares of FS KKR Capital stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of $18.73 per share, with a total value of $136,729.00. Following the transaction, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Kingswood Wealth Advisors LLC raised its position in shares of FS KKR Capital by 990.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 112,128 shares of the company’s stock worth $2,239,000 after acquiring an additional 101,845 shares in the last quarter. GP Brinson Investments LLC grew its stake in FS KKR Capital by 78.4% during the 4th quarter. GP Brinson Investments LLC now owns 517,707 shares of the company’s stock worth $10,339,000 after buying an additional 227,573 shares during the last quarter. Alpine Global Management LLC purchased a new position in FS KKR Capital during the 3rd quarter worth $2,397,000. Integrated Wealth Concepts LLC grew its stake in FS KKR Capital by 3.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,985 shares of the company’s stock worth $1,476,000 after buying an additional 2,627 shares during the last quarter. Finally, LPL Financial LLC grew its stake in FS KKR Capital by 2.3% during the 3rd quarter. LPL Financial LLC now owns 2,997,068 shares of the company’s stock worth $59,012,000 after buying an additional 66,636 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

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.