FS KKR Capital (NYSE:FSK - Free Report) had its price target trimmed by Wells Fargo & Company from $19.00 to $18.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an underweight rating on the stock.
Several other analysts have also recently issued reports on the company. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada upped their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $19.90.
Check Out Our Latest Stock Report on FSK
FS KKR Capital Stock Up 2.0 %
Shares of FSK stock traded up $0.39 during mid-day trading on Monday, reaching $19.98. 1,260,497 shares of the company were exchanged, compared to its average volume of 1,489,868. The company has a market capitalization of $5.60 billion, a P/E ratio of 10.63 and a beta of 0.98. The business's 50 day simple moving average is $20.61 and its 200 day simple moving average is $21.41. 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 $17.42 and a fifty-two week high of $24.10.
FS KKR Capital (NYSE:FSK - Get Free Report) last released its 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). The company had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Research analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.
FS KKR Capital Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 14.01%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital's dividend payout ratio (DPR) is 122.49%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in FSK. Kingswood Wealth Advisors LLC boosted its holdings in shares of FS KKR Capital by 86.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock valued at $4,878,000 after acquiring an additional 104,016 shares during the period. Inspire Advisors LLC boosted its stake in FS KKR Capital by 28.6% during the 4th quarter. Inspire Advisors LLC now owns 109,919 shares of the company's stock valued at $2,387,000 after purchasing an additional 24,443 shares during the period. Proactive Wealth Strategies LLC grew its position in FS KKR Capital by 24.8% in the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company's stock worth $1,411,000 after purchasing an additional 12,926 shares during the last quarter. Graypoint LLC increased its stake in shares of FS KKR Capital by 23.1% in the fourth quarter. Graypoint LLC now owns 139,504 shares of the company's stock valued at $3,030,000 after purchasing an additional 26,174 shares during the period. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of FS KKR Capital by 15.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company's stock valued at $4,473,000 after buying an additional 27,110 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.
About FS KKR Capital
(
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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.
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