FS KKR Capital Corp. (NYSE:FSK – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $10.78, but opened at $10.31. FS KKR Capital shares last traded at $10.4610, with a volume of 368,395 shares traded.
More FS KKR Capital News
Here are the key news stories impacting FS KKR Capital this week:
- Positive Sentiment: FS KKR stockholders approved the equity warrants at the annual meeting, which may remove some uncertainty around the company’s capital structure and could be viewed as a constructive governance step. FS KKR stockholders approve equity warrants, adjourn vote
- Neutral Sentiment: An analyst-style bullish article argued there may be “light at the end of the rotation” for FS KKR Capital, with potential upside if portfolio performance stabilizes and the stock rerates. FS KKR Capital: There’s Light At The End Of The Rotation With A Potential 40%+ Upside
- Negative Sentiment: Multiple law firms reiterated reminders about the pending class action lawsuit and lead-plaintiff deadlines, keeping the litigation risk in focus for investors. SueWallSt Reminds FS KKR CAPITAL CORP. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of July 6, 2026 – FSK
- Negative Sentiment: The lawsuit alleges FS KKR’s disclosures failed to warn that portfolio valuations were deteriorating and non-accrual loans were rising, which could reinforce concern about credit quality and future earnings. Bronstein, Gewirtz & Grossman LLC Urges FS KKR Capital Corp. Investors to Act: Class Action Filed Alleging Investor Harm
Analyst Ratings Changes
Several research firms recently issued reports on FSK. Truist Financial lowered their price objective on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $11.00 target price on shares of FS KKR Capital in a report on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. lowered their price target on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.58.
FS KKR Capital Stock Performance
The stock has a market cap of $2.88 billion, a price-to-earnings ratio of -5.22 and a beta of 0.83. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a fifty day moving average of $10.81 and a 200 day moving average of $12.30.
FS KKR Capital (NYSE:FSK – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.The company had revenue of $304.00 million for the quarter, compared to analyst estimates of $316.81 million. During the same period last year, the firm posted $0.65 EPS. The business’s quarterly revenue was down 24.0% on a year-over-year basis. As a group, sell-side analysts forecast that FS KKR Capital Corp. will post 1.66 EPS for the current year.
FS KKR Capital Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.68 annualized dividend and a dividend yield of 16.4%. FS KKR Capital’s payout ratio is presently -85.28%.
Institutional Investors Weigh In On FS KKR Capital
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in FS KKR Capital in the 4th quarter valued at about $26,000. Jessup Wealth Management Inc purchased a new stake in shares of FS KKR Capital in the 4th quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $31,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $31,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.
About FS KKR Capital
FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.
Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.
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