FS KKR Capital (NYSE:FSK) PT Lowered to $20.00

FS KKR Capital (NYSE:FSK) had its price objective lowered by equities research analysts at Keefe, Bruyette & Woods from $22.00 to $20.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 5.04% from the company’s current price.

FSK has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Compass Point downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Royal Bank of Canada cut their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Wells Fargo & Company raised their price objective on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Truist Financial cut their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.17.

FS KKR Capital Trading Up 1.0 %

FS KKR Capital stock opened at $19.04 on Tuesday. FS KKR Capital has a 52 week low of $17.50 and a 52 week high of $20.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $5.33 billion, a P/E ratio of 7.65 and a beta of 1.25. The stock has a 50-day simple moving average of $19.24 and a 200 day simple moving average of $19.67.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same period last year, the business posted $0.81 earnings per share. Analysts expect that FS KKR Capital will post 2.83 earnings per share for the current year.

Insider Activity

In other news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction on Wednesday, February 28th. The stock was acquired at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the transaction, the insider now directly owns 39,800 shares in the company, valued at $745,454. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FSK. US Bancorp DE raised its position in FS KKR Capital by 23.1% during the first quarter. US Bancorp DE now owns 7,993 shares of the company’s stock valued at $182,000 after purchasing an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. raised its position in FS KKR Capital by 120.5% during the first quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock valued at $161,000 after purchasing an additional 3,861 shares in the last quarter. Great West Life Assurance Co. Can raised its position in FS KKR Capital by 4.9% during the first quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company’s stock valued at $2,181,000 after purchasing an additional 4,157 shares in the last quarter. Ergoteles LLC acquired a new position in FS KKR Capital during the first quarter valued at approximately $414,000. Finally, Symphony Financial Ltd. Co. raised its position in FS KKR Capital by 11.9% during the first quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock valued at $718,000 after purchasing an additional 3,359 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.