FS KKR Capital (NYSE:FSK) Price Target Raised to $22.00 at JPMorgan Chase & Co.

FS KKR Capital (NYSE:FSK) had its target price lifted by analysts at JPMorgan Chase & Co. from $20.00 to $22.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 5.23% from the company’s current price.

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

FS KKR Capital Price Performance

FSK stock traded down $0.18 during midday trading on Monday, reaching $23.22. The company had a trading volume of 1,096,191 shares, compared to its average volume of 1,263,301. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.24. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital has a 1-year low of $18.31 and a 1-year high of $23.47. The stock has a 50 day moving average price of $21.86 and a 200-day moving average price of $20.75.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter in the prior year, the firm posted $0.80 EPS. Equities research analysts expect that FS KKR Capital will post 2.89 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 11,500 shares of company stock valued at $248,910 in the last three months. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% during 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. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital during the fourth quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of FS KKR Capital by 122.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares in the last quarter. Roxbury Financial LLC acquired a new stake in FS KKR Capital in the 4th quarter valued at $69,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after purchasing an additional 3,744 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.