FS KKR Capital (NYSE:FSK) Price Target Raised to $22.00

FS KKR Capital (NYSE:FSK) had its target price upped by stock analysts at JPMorgan Chase & Co. from $20.00 to $22.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 5.40% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and a consensus price target of $20.63.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $23.26 on Monday. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $23.47. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $6.51 billion, a PE ratio of 12.37 and a beta of 1.25. The stock has a 50 day simple moving average of $21.91 and a 200-day simple moving average of $20.79.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter in the prior year, the business posted $0.80 earnings per share. On average, equities research analysts forecast that FS KKR Capital will post 2.89 EPS for the current year.

Insider Buying and Selling at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the transaction, the insider now owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by insiders.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its position in shares of 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 purchasing an additional 3,012,711 shares during the period. Van ECK Associates Corp lifted its stake in FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after buying an additional 673,420 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in FS KKR Capital during the third quarter valued at about $7,830,000. Flagship Harbor Advisors LLC acquired a new position in shares of FS KKR Capital in the third quarter worth about $7,290,000. Finally, Strategic Financial Concepts LLC increased its position in shares of FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after acquiring an additional 289,278 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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.