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

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

Several other research firms have also commented on FSK. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, Royal Bank of Canada upped their price target on shares of 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 company has a consensus rating of “Hold” and an average target price of $20.63.

FS KKR Capital Stock Down 0.5 %

Shares of NYSE:FSK opened at $23.11 on Monday. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 12.29 and a beta of 1.25. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $23.47. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average price of $21.93 and a 200 day moving average price of $20.81.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data 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 analyst estimates 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 period last year, the company earned $0.80 EPS. As a group, equities research analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was purchased 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. The trade was a 11.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased 11,500 shares of company stock worth $248,910 in the last 90 days. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. McIlrath & Eck LLC lifted its holdings 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 worth $41,000 after buying an additional 675 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital in the fourth quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in FS KKR Capital by 122.6% in 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 during the period. Roxbury Financial LLC bought a new position in FS KKR Capital during the 4th quarter worth about $69,000. Finally, Nomura Asset Management Co. Ltd. increased its position 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 during the period. Institutional investors own 36.26% of the company’s stock.

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.