Keefe, Bruyette & Woods Issues Positive Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price objective lifted by Keefe, Bruyette & Woods from $21.00 to $22.00 in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

FSK has been the topic of several other reports. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.70.

FS KKR Capital Trading Down 1.5 %

Shares of FSK opened at $23.13 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $24.10. The firm has a 50 day moving average price of $22.61 and a 200-day moving average price of $21.28. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 12.30 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. As a group, equities research analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.11%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s payout ratio is currently 122.49%.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average cost of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders purchased 6,500 shares of company stock worth $138,510. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of FS KKR Capital by 2.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock worth $94,989,000 after buying an additional 91,192 shares during the period. LPL Financial LLC increased its stake in shares of FS KKR Capital by 3.5% in the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company’s stock worth $77,837,000 after acquiring an additional 119,593 shares in the last quarter. Ameriprise Financial Inc. lifted its position in FS KKR Capital by 8.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company’s stock valued at $30,827,000 after acquiring an additional 106,641 shares during the period. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of FS KKR Capital by 10.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after purchasing an additional 128,856 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.