Shares of FS KKR Capital Corp. (NYSE:FSK – Get Free Report) have received an average recommendation of “Reduce” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $11.43.
A number of research firms have recently weighed in on FSK. Truist Financial upped their target price on shares of FS KKR Capital from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Capital One Financial set a $12.00 price target on shares of FS KKR Capital in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of FS KKR Capital from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 price objective (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company cut shares of FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a report on Tuesday, September 29th.
Check Out Our Latest Report on FSK
Institutional Trading of FS KKR Capital
A number of hedge funds have recently made changes to their positions in the stock. Triumph Capital Management increased its position in FS KKR Capital by 98.1% during the 2nd quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock valued at $27,000 after buying an additional 1,275 shares in the last quarter. Harborfront Financial Group LLC purchased a new position in FS KKR Capital during the second quarter valued at $30,000. Northwestern Mutual Wealth Management Co. purchased a new position in FS KKR Capital during the second quarter valued at $53,000. Fifth Third Bancorp bought a new stake in FS KKR Capital in the first quarter worth $65,000. Finally, Continuum Advisory LLC bought a new stake in FS KKR Capital in the second quarter worth $76,000. 36.26% of the stock is owned by institutional investors.
FS KKR Capital Price Performance
Shares of FSK stock opened at $10.30 on Friday. The business’s fifty day moving average is $11.64 and its 200 day moving average is $11.07. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of -7.63 and a beta of 0.86. FS KKR Capital has a twelve month low of $9.72 and a twelve month high of $16.31.
FS KKR Capital (NYSE:FSK – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. FS KKR Capital had a positive return on equity of 9.70% and a negative net margin of 28.52%. The business had revenue of $290.00 million during the quarter, compared to analyst estimates of $286.75 million. During the same quarter last year, the firm posted ($0.75) earnings per share. Research analysts expect that FS KKR Capital will post 1.64 EPS for the current fiscal year.
FS KKR Capital Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Thursday, December 24th. Stockholders of record on Wednesday, December 16th will be issued a dividend of $0.20 per share. This represents a dividend yield of 1,633.0%. The ex-dividend date is Wednesday, December 16th. FS KKR Capital’s dividend payout ratio (DPR) is presently -130.37%.
About FS KKR Capital
FS KKR Capital Corp. (NYSE: FSK) is a business development company that provides financing to privately owned middle-market companies. The company primarily invests in senior secured loans, including first-lien and second-lien debt, and may also make select equity investments. Its portfolio companies operate across a range of industries and are generally located in the United States.
FSK seeks to generate income and long-term capital appreciation by partnering with companies that require financing for acquisitions, recapitalizations, growth initiatives, refinancing and other corporate purposes.
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