FS KKR Capital (NYSE:FSK) Price Target Raised to $11.50

FS KKR Capital (NYSE:FSK) had its target price increased by JPMorgan Chase & Co. from $11.00 to $11.50 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on FSK. Wells Fargo & Company cut FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 target price for the company. in a research note on Tuesday, September 29th. Truist Financial increased their price target on shares of FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of FS KKR Capital in a report on Friday, August 28th. Capital One Financial set a $12.00 price objective on shares of FS KKR Capital in a research report on Friday, August 7th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 target price (up from $11.00) on shares of FS KKR Capital in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $11.50.

FS KKR Capital Stock Performance

NYSE:FSK opened at $11.70 on Friday. FS KKR Capital has a 12 month low of $9.72 and a 12 month high of $16.31. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $3.18 billion, a PE ratio of -6.32 and a beta of 0.88. The business’s fifty day moving average price is $11.25 and its 200 day moving average price is $11.29.

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, topping analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $294.00 million during the quarter, compared to the consensus estimate of $274.61 million. FS KKR Capital had a positive return on equity of 9.59% and a negative net margin of 41.75%. During the same period in the previous year, the business earned $0.57 EPS. On average, sell-side analysts anticipate that FS KKR Capital will post 1.69 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 1st. FS KKR Capital’s dividend payout ratio (DPR) is currently -95.14%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in FS KKR Capital by 13.4% during the 2nd quarter. Van ECK Associates Corp now owns 5,382,748 shares of the company’s stock valued at $56,519,000 after acquiring an additional 636,889 shares during the last quarter. Saba Capital Management L.P. purchased a new position in shares of FS KKR Capital in the 1st quarter valued at approximately $35,729,000. Legal & General Group Plc purchased a new position in shares of FS KKR Capital in the 2nd quarter valued at approximately $28,742,000. Silver Point Capital L.P. purchased a new position in shares of FS KKR Capital in the 2nd quarter valued at approximately $28,602,000. Finally, Generali Asset Management SPA SGR increased its holdings in shares of FS KKR Capital by 0.7% in the third quarter. Generali Asset Management SPA SGR now owns 2,546,341 shares of the company’s stock valued at $27,984,000 after purchasing an additional 17,116 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

About FS KKR Capital