FS KKR Capital (NYSE:FSK) Announces Earnings Results, Hits Estimates

FS KKR Capital (NYSE:FSK) released its quarterly earnings data on Wednesday. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57, Zacks reports. FS KKR Capital had a return on equity of 5.57% and a net margin of 17.24%.The firm had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. During the same quarter in the prior year, the company earned $0.74 earnings per share.

FS KKR Capital Stock Down 1.1%

NYSE:FSK traded down $0.17 on Friday, hitting $15.04. The company had a trading volume of 848,627 shares, compared to its average volume of 1,969,960. FS KKR Capital has a 52 week low of $14.05 and a 52 week high of $24.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a 50 day moving average of $15.77 and a two-hundred day moving average of $18.79.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.56 annualized dividend and a dividend yield of 17.0%. FS KKR Capital’s payout ratio is 263.92%.

Hedge Funds Weigh In On FS KKR Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the company. MML Investors Services LLC boosted its stake in shares of FS KKR Capital by 1.1% during the second quarter. MML Investors Services LLC now owns 433,196 shares of the company’s stock valued at $8,989,000 after purchasing an additional 4,603 shares in the last quarter. Bank of America Corp DE boosted its position in FS KKR Capital by 36.0% during the 2nd quarter. Bank of America Corp DE now owns 363,286 shares of the company’s stock worth $7,538,000 after buying an additional 96,115 shares during the period. HRT Financial LP grew its holdings in FS KKR Capital by 1,687.7% during the 2nd quarter. HRT Financial LP now owns 329,181 shares of the company’s stock worth $6,830,000 after acquiring an additional 310,767 shares during the last quarter. BNP Paribas Financial Markets increased its position in FS KKR Capital by 17.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 283,850 shares of the company’s stock valued at $5,890,000 after acquiring an additional 42,273 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of FS KKR Capital by 3.7% during the second quarter. CANADA LIFE ASSURANCE Co now owns 278,198 shares of the company’s stock valued at $5,783,000 after acquiring an additional 9,833 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Royal Bank Of Canada lowered their price target on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 26th. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target for the company in a research report on Monday, October 6th. Keefe, Bruyette & Woods lowered their price objective on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. reduced their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.75.

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.