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

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

A number of other equities analysts have also recently commented on FSK. Royal Bank of Canada cut their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a sector perform rating for the company in a research note on Wednesday, February 28th. Wells Fargo & Company boosted their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an equal weight rating in a research note on Monday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a neutral rating in a research note on Friday, April 12th. Truist Financial cut their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a hold rating for the company in a research note on Wednesday, February 28th. Finally, Hovde Group reaffirmed a market perform rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $20.17.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $19.40 on Tuesday. The firm’s 50 day simple moving average is $19.19 and its 200 day simple moving average is $19.66. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.43 billion, a PE ratio of 7.79 and a beta of 1.25. 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 released its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The business 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 company earned $0.81 EPS. As a group, analysts expect that FS KKR Capital will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 annualized dividend and a yield of 13.20%. FS KKR Capital’s payout ratio is currently 102.81%.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 7,300 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of $18.73 per share, with a total value of $136,729.00. Following the transaction, the insider now directly owns 39,800 shares of the company’s stock, valued at approximately $745,454. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norden Group LLC purchased a new stake in shares of FS KKR Capital in the 1st quarter worth about $1,362,000. SeaCrest Wealth Management LLC lifted its position in shares of FS KKR Capital by 47.6% in the 1st quarter. SeaCrest Wealth Management LLC now owns 91,708 shares of the company’s stock worth $1,749,000 after purchasing an additional 29,586 shares during the period. Naviter Wealth LLC lifted its position in shares of FS KKR Capital by 983.6% in the 1st quarter. Naviter Wealth LLC now owns 131,298 shares of the company’s stock worth $2,595,000 after purchasing an additional 119,181 shares during the period. Atticus Wealth Management LLC lifted its position in shares of FS KKR Capital by 14.1% in the 1st quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock worth $87,000 after purchasing an additional 562 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its position in shares of FS KKR Capital by 53.3% in the 1st quarter. Atlantic Union Bankshares Corp now owns 23,147 shares of the company’s stock worth $441,000 after purchasing an additional 8,049 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

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.