FS KKR Capital (NYSE:FSK) Price Target Lowered to $20.00 at Wells Fargo & Company

FS KKR Capital (NYSE:FSK) had its target price decreased by Wells Fargo & Company from $21.00 to $20.00 in a research report released on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.94.

FS KKR Capital Price Performance

FSK opened at $20.34 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $5.70 billion, a P/E ratio of 8.48 and a beta of 1.25. The company’s 50 day simple moving average is $20.03 and its 200-day simple moving average is $19.88. FS KKR Capital has a one year low of $18.31 and a one year high of $20.99.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period last year, the company earned $0.78 EPS. Sell-side analysts anticipate that FS KKR Capital will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.70 dividend. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio is presently 106.67%.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at $860,608. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, with a total value of $96,050.00. Following the completion of the purchase, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors have recently modified their holdings of FSK. Van ECK Associates Corp raised its holdings in FS KKR Capital by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after buying an additional 356,704 shares during the period. Commonwealth Equity Services LLC increased its position in shares of FS KKR Capital by 4.6% during the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after acquiring an additional 188,542 shares in the last quarter. LPL Financial LLC raised its holdings in shares of FS KKR Capital by 1.8% during the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock worth $66,141,000 after acquiring an additional 59,240 shares during the period. International Assets Investment Management LLC lifted its position in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. Finally, LSV Asset Management boosted its stake in FS KKR Capital by 3.2% in the 1st quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock worth $37,500,000 after purchasing an additional 60,700 shares during the period. 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.