Wells Fargo & Company Has Lowered Expectations for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price target reduced by Wells Fargo & Company from $21.00 to $20.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.94.

FS KKR Capital Stock Down 0.1 %

FSK opened at $20.24 on Tuesday. The stock’s 50 day moving average price is $20.06 and its 200 day moving average price is $19.89. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market cap of $5.67 billion, a P/E ratio of 8.43 and a beta of 1.25. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $20.99.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period last year, the company earned $0.78 earnings per share. As a group, research analysts predict that FS KKR Capital will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.70 dividend. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a yield of 12.7%. FS KKR Capital’s payout ratio is 106.67%.

Insider Transactions at FS KKR Capital

In other news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FSK. International Assets Investment Management LLC grew its stake in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in FS KKR Capital in the 2nd quarter valued at approximately $19,544,000. Cetera Investment Advisers lifted its position in FS KKR Capital by 368.3% in the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after buying an additional 697,453 shares in the last quarter. Maia Wealth LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $10,560,000. Finally, 1832 Asset Management L.P. grew its holdings in shares of FS KKR Capital by 529.7% during the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after acquiring an additional 513,239 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

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.