FS KKR Capital (NYSE:FSK) Given New $21.00 Price Target at Royal Bank of Canada

FS KKR Capital (NYSE:FSK) had its price target raised by Royal Bank of Canada from $20.00 to $21.00 in a research report released on Monday,Benzinga reports. They currently have a sector perform rating on the stock.

Separately, Wells Fargo & Company cut their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.06.

FS KKR Capital Price Performance

FSK stock opened at $21.51 on Monday. The firm has a 50 day simple moving average of $20.27 and a two-hundred day simple moving average of $20.06. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market cap of $6.02 billion, a PE ratio of 11.47 and a beta of 1.25. FS KKR Capital has a one year low of $18.31 and a one year high of $21.60.

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

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a yield of 12.7%. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is presently 136.17%.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. McIlrath & Eck LLC grew 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 purchasing an additional 675 shares during the last quarter. Barclays PLC grew its position in shares of FS KKR Capital by 24.8% in the 3rd quarter. Barclays PLC now owns 327,469 shares of the company’s stock worth $6,460,000 after buying an additional 65,054 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after buying an additional 3,744 shares during the period. MML Investors Services LLC raised its holdings in shares of FS KKR Capital by 7.8% during the third quarter. MML Investors Services LLC now owns 396,575 shares of the company’s stock valued at $7,824,000 after acquiring an additional 28,734 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in FS KKR Capital in the third quarter worth $7,830,000. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Company Profile

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.