FS KKR Capital (NYSE:FSK) Cut to Underweight at Wells Fargo & Company

Wells Fargo & Company cut shares of FS KKR Capital (NYSE:FSK) from an equal weight rating to an underweight rating in a research report report published on Monday morning, MarketBeat.com reports. The brokerage currently has $19.00 target price on the stock, down from their previous target price of $21.00.

Several other research analysts have also recently weighed in on FSK. Royal Bank of Canada upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Finally, B. Riley downgraded 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 research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.30.

FS KKR Capital Stock Down 3.6 %

FS KKR Capital stock opened at $20.48 on Monday. The stock has a market capitalization of $5.74 billion, a PE ratio of 10.89 and a beta of 1.22. FS KKR Capital has a twelve month low of $18.38 and a twelve month high of $24.10. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average of $22.64 and a 200-day moving average of $21.43.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. On average, equities research analysts anticipate that FS KKR Capital will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.67%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is currently 122.49%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FSK. Wealth Enhancement Advisory Services LLC grew its position in shares of FS KKR Capital by 11.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 129,330 shares of the company’s stock valued at $2,809,000 after acquiring an additional 12,782 shares during the period. Wealthedge Investment Advisors LLC bought a new position in shares of FS KKR Capital in the 4th quarter valued at about $441,000. Alpha Wealth Funds LLC bought a new position in shares of FS KKR Capital in the 4th quarter valued at about $926,000. BridgePort Financial Solutions LLC bought a new position in shares of FS KKR Capital in the 4th quarter valued at about $385,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of FS KKR Capital in the 4th quarter valued at about $3,887,000. 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.