Keefe, Bruyette & Woods Has Lowered Expectations for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $22.00 to $19.00 in a research report report published on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. B. Riley downgraded shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. Wells Fargo & Company lowered shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $21.00 to $19.00 in a report on Monday, March 17th. Finally, Royal Bank of Canada lifted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, FS KKR Capital has an average rating of "Hold" and an average price target of $20.70.

FS KKR Capital Trading Up 0.1 %

FSK stock traded up $0.02 during trading on Tuesday, hitting $18.69. The company had a trading volume of 3,173,888 shares, compared to its average volume of 1,480,335. The firm has a market capitalization of $5.23 billion, a P/E ratio of 9.94 and a beta of 0.98. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital has a 52-week low of $17.42 and a 52-week high of $24.10. The company has a 50 day simple moving average of $21.76 and a 200-day simple moving average of $21.46.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $407.00 million for the quarter, compared to analysts' expectations of $419.97 million. As a group, research analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 14.98%. FS KKR Capital's dividend payout ratio (DPR) is presently 122.49%.

Institutional Investors Weigh In On FS KKR Capital

Institutional investors have recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of FS KKR Capital in the 4th quarter worth $33,000. Fourth Dimension Wealth LLC purchased a new stake in FS KKR Capital in the fourth quarter valued at about $33,000. McIlrath & Eck LLC boosted its holdings in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock worth $41,000 after acquiring an additional 675 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after acquiring an additional 1,554 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital during the fourth quarter valued at about $52,000. 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.