Shares of FS KKR Capital Corp (NYSE:FSK) have received an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.63.
FSK has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of FS KKR Capital from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group initiated coverage on shares of FS KKR Capital in a report on Thursday. They set a “buy” rating and a $8.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 target price on the stock in a report on Friday, August 9th. Finally, ValuEngine upgraded shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th.
In related news, Director Richard I. Goldstein bought 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $5.76 per share, for a total transaction of $28,800.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel Pietrzak bought 10,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $5.65 per share, for a total transaction of $56,500.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 57,100 shares of company stock worth $335,795 over the last 90 days. Corporate insiders own 0.35% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Horan Securities Inc. acquired a new stake in shares of FS KKR Capital in the second quarter valued at approximately $27,000. Kistler Tiffany Companies LLC acquired a new stake in shares of FS KKR Capital in the second quarter valued at approximately $31,000. Gradient Investments LLC acquired a new stake in shares of FS KKR Capital in the second quarter valued at approximately $31,000. Hanson McClain Inc. acquired a new stake in shares of FS KKR Capital in the second quarter valued at approximately $31,000. Finally, TCG Advisors LP acquired a new stake in shares of FS KKR Capital in the second quarter valued at approximately $33,000. Institutional investors own 29.94% of the company’s stock.
FS KKR Capital stock traded up $0.06 during midday trading on Thursday, hitting $5.79. 2,502,208 shares of the stock were exchanged, compared to its average volume of 2,434,711. The company has a fifty day simple moving average of $5.79 and a two-hundred day simple moving average of $5.99. FS KKR Capital has a 52 week low of $5.09 and a 52 week high of $6.87. The stock has a market capitalization of $2.97 billion, a PE ratio of 6.81, a P/E/G ratio of 2.57 and a beta of 1.11. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.84.
FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. FS KKR Capital had a net margin of 12.11% and a return on equity of 8.66%. The business had revenue of $199.00 million for the quarter, compared to analyst estimates of $194.84 million. As a group, equities research analysts anticipate that FS KKR Capital will post 0.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.76 annualized dividend and a yield of 13.13%. FS KKR Capital’s dividend payout ratio (DPR) is currently 89.41%.
About FS KKR Capital
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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