FS KKR Capital Corp. (NYSE:FSK) – Stock analysts at Jefferies Financial Group increased their FY2021 earnings per share estimates for shares of FS KKR Capital in a research report issued to clients and investors on Tuesday, May 11th. Jefferies Financial Group analyst J. Hecht now forecasts that the company will post earnings of $2.51 per share for the year, up from their prior estimate of $2.49.
FS KKR Capital (NYSE:FSK) last announced its earnings results on Sunday, May 9th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. FS KKR Capital had a negative net margin of 86.86% and a positive return on equity of 11.18%.
Shares of FS KKR Capital stock opened at $21.45 on Friday. FS KKR Capital has a 52-week low of $12.30 and a 52-week high of $21.80. The firm has a 50-day moving average of $20.53 and a 200-day moving average of $18.48. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.35 and a current ratio of 3.35. The stock has a market cap of $2.65 billion, a PE ratio of -4.72 and a beta of 1.59.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 2nd. Stockholders of record on Friday, June 11th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 11.19%. FS KKR Capital’s dividend payout ratio (DPR) is currently 75.00%.
Several hedge funds have recently bought and sold shares of FSK. Safeguard Investment Advisory Group LLC bought a new position in shares of FS KKR Capital in the fourth quarter worth about $25,000. Stonebridge Capital Advisors LLC bought a new position in shares of FS KKR Capital in the first quarter worth about $28,000. Salem Investment Counselors Inc. acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $36,000. US Bancorp DE increased its stake in shares of FS KKR Capital by 69.3% in the fourth quarter. US Bancorp DE now owns 2,442 shares of the company’s stock valued at $41,000 after buying an additional 1,000 shares during the period. Finally, DB Wealth Management Group LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $75,000. 29.43% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Limitations of analyzing profit margin
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