Keefe, Bruyette & Woods Cuts FS KKR Capital (NYSE:FSK) Price Target to $18.00

FS KKR Capital (NYSE:FSK) had its price target reduced by Keefe, Bruyette & Woods from $18.50 to $18.00 in a research report report published on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

FSK has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Royal Bank Of Canada lowered their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Finally, Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock in a report on Monday, October 6th. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.67.

FS KKR Capital Price Performance

NYSE FSK opened at $15.63 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50 day simple moving average of $15.55 and a 200-day simple moving average of $18.67. FS KKR Capital has a 52-week low of $14.05 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The firm had revenue of $373.00 million for the quarter, compared to the consensus estimate of $374.89 million. During the same period in the previous year, the firm posted $0.74 earnings per share. Research analysts anticipate that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is presently 263.92%.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 10,000 shares of FS KKR Capital stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $15.15 per share, for a total transaction of $151,500.00. Following the completion of the purchase, the insider owned 59,800 shares of the company’s stock, valued at $905,970. This represents a 20.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael C. Forman acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were purchased at an average cost of $15.50 per share, with a total value of $155,000.00. Following the completion of the acquisition, the chief executive officer owned 24,220 shares in the company, valued at $375,410. This trade represents a 70.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 20,330 shares of company stock valued at $312,480. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in FS KKR Capital by 0.7% during the second quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock valued at $89,514,000 after acquiring an additional 28,619 shares during the period. LPL Financial LLC increased its stake in shares of FS KKR Capital by 2.8% in the first quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock worth $77,144,000 after purchasing an additional 98,647 shares during the period. Generali Asset Management SPA SGR lifted its position in shares of FS KKR Capital by 2.5% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,546,371 shares of the company’s stock worth $38,017,000 after purchasing an additional 61,106 shares during the last quarter. Legal & General Group Plc boosted its stake in FS KKR Capital by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 2,147,309 shares of the company’s stock valued at $44,546,000 after purchasing an additional 66,943 shares during the period. Finally, Cura Wealth Advisors LLC boosted its stake in FS KKR Capital by 1.1% during the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock valued at $37,387,000 after purchasing an additional 19,367 shares during the period. Institutional investors own 36.26% of the company’s stock.

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.