Keefe, Bruyette & Woods Has Lowered Expectations for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price objective lowered by Keefe, Bruyette & Woods from $22.00 to $19.00 in a research report released on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other analysts have also commented on the stock. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a report on Wednesday, December 11th. Wells Fargo & Company cut FS KKR Capital from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $21.00 to $19.00 in a research note on Monday, March 17th. JPMorgan Chase & Co. upped their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada raised their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.70.

FS KKR Capital Price Performance

FSK opened at $18.68 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market capitalization of $5.23 billion, a PE ratio of 9.94 and a beta of 0.98. The stock’s 50 day moving average price is $21.85 and its 200-day moving average price is $21.46. FS KKR Capital has a 52-week low of $17.42 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. On average, equities research analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 14.99%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

Institutional Investors Weigh In On FS KKR Capital

Several hedge funds have recently added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. bought a new position in FS KKR Capital in the 4th quarter worth about $33,000. Fourth Dimension Wealth LLC purchased a new position in FS KKR Capital in the fourth quarter worth about $33,000. McIlrath & Eck LLC lifted its stake in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after buying an additional 1,554 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $52,000. 36.26% of the stock is owned by 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.