FS KKR Capital (NYSE:FSK) Given New $12.00 Price Target at B. Riley Financial

FS KKR Capital (NYSE:FSK) had its price target increased by B. Riley Financial from $11.00 to $12.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

FSK has been the topic of several other reports. Weiss Ratings reissued a “sell (d+)” rating on shares of FS KKR Capital in a research report on Friday, August 28th. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Wells Fargo & Company lowered shares of FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 price target on the stock. in a research note on Tuesday, September 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a report on Wednesday, August 12th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $11.64.

FS KKR Capital Stock Down 0.7%

FSK stock opened at $11.88 on Wednesday. FS KKR Capital has a 1-year low of $9.72 and a 1-year high of $16.31. The business’s 50 day simple moving average is $11.22 and its 200 day simple moving average is $11.26. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.23 billion, a PE ratio of 6.58 and a beta of 0.88.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. FS KKR Capital had a positive return on equity of 9.59% and a negative net margin of 41.75%. The business had revenue of $294.00 million during the quarter, compared to the consensus estimate of $274.61 million. During the same quarter last year, the firm posted $0.57 EPS. As a group, research analysts anticipate that FS KKR Capital will post 1.69 EPS for the current year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. FS KKR Capital’s dividend payout ratio is currently -95.14%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of FS KKR Capital in the second quarter valued at about $11,115,000. OMERS ADMINISTRATION Corp acquired a new stake in FS KKR Capital in the 2nd quarter worth about $7,548,000. Silver Point Capital L.P. acquired a new stake in FS KKR Capital in the 2nd quarter worth about $28,602,000. Bank of America Corp DE acquired a new stake in FS KKR Capital in the 2nd quarter worth about $1,621,000. Finally, SummitTX Capital L.P. bought a new stake in FS KKR Capital in the 1st quarter valued at about $1,650,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company that provides financing to privately held middle-market businesses, primarily in the United States. Its investments include senior secured and subordinated loans, as well as equity and other interests in portfolio companies. The company is externally managed by FS/KKR Advisor, LLC, an investment adviser formed by FS Investments and KKR. FS KKR Capital was created in 2018 through the merger of FS Investment Corporation and Corporate Capital Trust.