FS KKR Capital (NYSE:FSK) Price Target Lowered to $18.00 at Royal Bank Of Canada

FS KKR Capital (NYSE:FSK) had its price target lowered by Royal Bank Of Canada from $21.00 to $18.00 in a report released on Tuesday morning, Marketbeat.com reports. The brokerage currently has a sector perform rating on the stock.

A number of other research firms have also recently issued reports on FSK. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, August 8th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Zacks Research raised shares of FS KKR Capital to a “strong sell” rating in a research report on Friday, August 8th. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Finally, Oppenheimer dropped their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Friday, May 9th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $18.42.

FS KKR Capital Price Performance

FSK stock opened at $18.00 on Tuesday. The stock has a market capitalization of $5.04 billion, a PE ratio of 23.07 and a beta of 0.93. The company’s 50-day moving average is $20.19 and its 200-day moving average is $20.76. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. FS KKR Capital has a 1 year low of $17.35 and a 1 year high of $24.10.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same period last year, the company earned $0.75 EPS. Equities research analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $2.80 annualized dividend and a dividend yield of 15.6%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s payout ratio is 328.21%.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in shares of FS KKR Capital during the 2nd quarter worth approximately $565,000. TT Capital Management LLC increased its stake in shares of FS KKR Capital by 10.1% during the 2nd quarter. TT Capital Management LLC now owns 77,322 shares of the company’s stock worth $1,604,000 after purchasing an additional 7,078 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of FS KKR Capital by 78.8% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 33,781 shares of the company’s stock worth $701,000 after purchasing an additional 14,884 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of FS KKR Capital by 39.6% during the 2nd quarter. Advisory Services Network LLC now owns 19,171 shares of the company’s stock worth $401,000 after purchasing an additional 5,443 shares during the last quarter. Finally, Campbell Capital Management Inc. purchased a new stake in shares of FS KKR Capital during the 2nd quarter worth approximately $5,516,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company 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.