FS KKR Capital (NYSE:FSK) Price Target Raised to $22.00

FS KKR Capital (NYSE:FSK - Free Report) had its target price hoisted by JPMorgan Chase & Co. from $20.00 to $22.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently commented on FSK. Wells Fargo & Company reiterated an "equal weight" rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. B. Riley cut FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target on the stock. in a report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.63.

FS KKR Capital Stock Performance

NYSE FSK traded up $0.05 on Monday, hitting $23.15. 869,869 shares of the company's stock were exchanged, compared to its average volume of 1,259,990. 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 firm's 50-day moving average price is $21.93 and its two-hundred day moving average price is $20.81. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 12.31 and a beta of 1.25. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $23.47.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $441.00 million during the quarter, compared to analysts' expectations of $423.58 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. On average, research analysts expect that FS KKR Capital will post 2.89 EPS for the current year.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the purchase, the insider now owns 49,800 shares of the company's stock, valued at approximately $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders purchased 11,500 shares of company stock valued at $248,910. Corporate insiders own 0.25% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in shares of FS KKR Capital by 15.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company's stock valued at $508,000 after purchasing an additional 3,415 shares during the period. Marshall Wace LLP purchased a new stake in FS KKR Capital in the 2nd quarter valued at about $206,000. Squarepoint Ops LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter valued at about $623,000. SG Americas Securities LLC lifted its holdings in shares of FS KKR Capital by 32.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,317 shares of the company's stock worth $204,000 after acquiring an additional 2,509 shares during the period. Finally, Atomi Financial Group Inc. acquired a new stake in shares of FS KKR Capital in the third quarter worth approximately $468,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

About FS KKR Capital

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.