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

FS KKR Capital (NYSE:FSK) had its target price hoisted by Wells Fargo & Company from $21.00 to $22.00 in a research note published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also recently commented on FSK. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $20.00 and set a market perform rating for the company in a research note on Tuesday, April 16th. JPMorgan Chase & Co. boosted their target price on FS KKR Capital from $18.00 to $19.00 and gave the stock a neutral rating in a research note on Friday, April 12th. Finally, B. Riley reissued a buy rating and set a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $20.39.

FS KKR Capital Price Performance

FSK stock opened at $20.24 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $5.67 billion, a PE ratio of 8.43 and a beta of 1.26. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $20.99. The business’s fifty day moving average price is $20.09 and its 200 day moving average price is $19.74.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, May 8th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The firm had revenue of $434.00 million during the quarter, compared to analysts’ expectations of $429.46 million. On average, sell-side analysts anticipate that FS KKR Capital will post 2.83 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th were given a $0.70 dividend. The ex-dividend date was Wednesday, June 12th. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.84%. FS KKR Capital’s dividend payout ratio is 106.67%.

Insider Activity at FS KKR Capital

In related news, Director Barbara Adams acquired 3,381 shares of FS KKR Capital stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of $20.10 per share, with a total value of $67,958.10. Following the purchase, the director now directly owns 22,082 shares in the company, valued at $443,848.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TrueMark Investments LLC purchased a new stake in FS KKR Capital during the 2nd quarter valued at approximately $670,000. Ridgewood Investments LLC purchased a new position in shares of FS KKR Capital during the 2nd quarter worth approximately $37,000. Arkadios Wealth Advisors grew its holdings in shares of FS KKR Capital by 0.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 206,696 shares of the company’s stock worth $4,078,000 after acquiring an additional 1,052 shares during the period. HB Wealth Management LLC grew its holdings in shares of FS KKR Capital by 37.6% in the 2nd quarter. HB Wealth Management LLC now owns 19,509 shares of the company’s stock worth $385,000 after acquiring an additional 5,331 shares during the period. Finally, Beacon Financial Advisory LLC grew its holdings in shares of FS KKR Capital by 4.6% in the 2nd quarter. Beacon Financial Advisory LLC now owns 66,575 shares of the company’s stock worth $1,314,000 after acquiring an additional 2,926 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

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.