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

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

Several other analysts also recently issued reports on FSK. Hovde Group reissued a market perform rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a neutral rating in a report on Friday. Truist Financial lowered their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a hold rating on the stock in a report on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a buy rating to a neutral rating and lowered their price target for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Finally, Royal Bank of Canada lowered their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a sector perform rating on the stock in a report on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $20.17.

FS KKR Capital Price Performance

Shares of NYSE FSK traded up $0.03 during trading on Tuesday, hitting $18.85. The company had a trading volume of 1,449,358 shares, compared to its average volume of 1,746,730. The company has a market cap of $5.28 billion, a P/E ratio of 7.60 and a beta of 1.25. FS KKR Capital has a 52 week low of $17.50 and a 52 week high of $20.99. The business's 50-day moving average is $19.26 and its 200 day moving average is $19.68. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The company had revenue of $447.00 million for the quarter, compared to the consensus estimate of $452.39 million. During the same period in the previous year, the business earned $0.81 EPS. Equities research analysts predict that FS KKR Capital will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 13.58%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital's dividend payout ratio is presently 102.81%.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak acquired 7,300 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the acquisition, the insider now owns 39,800 shares of the company's stock, valued at approximately $745,454. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

Hedge funds have recently bought and sold shares of the company. Center for Financial Planning Inc. boosted its holdings in FS KKR Capital by 147.6% during the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company's stock valued at $39,000 after acquiring an additional 1,179 shares during the period. Mather Group LLC. acquired a new position in shares of FS KKR Capital during the first quarter valued at about $39,000. Retirement Group LLC acquired a new position in shares of FS KKR Capital during the fourth quarter valued at about $39,000. Planned Solutions Inc. acquired a new position in shares of FS KKR Capital during the fourth quarter valued at about $40,000. Finally, Worth Asset Management LLC acquired a new position in shares of FS KKR Capital during the first quarter valued at about $43,000. 36.26% of the stock is currently owned by 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.