JPMorgan Chase & Co. Issues Positive Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its target price increased by JPMorgan Chase & Co. from $20.00 to $22.00 in a report issued on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

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

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $23.25 on Monday. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $23.47. The company has a market cap of $6.51 billion, a PE ratio of 12.36 and a beta of 1.24. The business’s 50 day moving average price is $21.86 and its two-hundred day moving average price is $20.75. 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 (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter last year, the firm posted $0.80 EPS. On average, analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $21.31 per share, with a total value of $106,550.00. Following the acquisition, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have purchased 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC increased its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. FNY Investment Advisers LLC bought a new position in FS KKR Capital in the fourth quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after acquiring an additional 1,520 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of FS KKR Capital in the fourth quarter worth about $69,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of FS KKR Capital by 164.8% in 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 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.