Shares of FS KKR Capital Corp (NYSE:FSK) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.40.
A number of equities research analysts have weighed in on FSK shares. JPMorgan Chase & Co. raised 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. Zacks Investment Research raised FS KKR Capital from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Thursday, October 31st. Jefferies Financial Group began coverage on FS KKR Capital in a report on Thursday, October 10th. They set a “buy” rating and a $8.00 price target for the company. Finally, ValuEngine upgraded FS KKR Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 4th.
In other news, insider Brian Gerson purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the purchase, the insider now owns 70,000 shares of the company’s stock, valued at $420,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian R. Ford acquired 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of $6.05 per share, for a total transaction of $42,350.00. Following the acquisition, the director now owns 16,575 shares in the company, valued at $100,278.75. The disclosure for this purchase can be found here. Insiders have purchased a total of 78,100 shares of company stock worth $467,605 over the last ninety days. 0.35% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Beach Point Capital Management LP bought a new stake in shares of FS KKR Capital during the second quarter worth about $115,333,000. LPL Financial LLC acquired a new stake in FS KKR Capital during the 2nd quarter worth approximately $52,281,000. HBK Investments L P acquired a new stake in FS KKR Capital during the 2nd quarter worth approximately $45,575,000. UBS Group AG bought a new stake in FS KKR Capital during the 2nd quarter worth approximately $28,777,000. Finally, Private Advisor Group LLC bought a new stake in FS KKR Capital during the 2nd quarter worth approximately $26,004,000. 28.76% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:FSK traded up $0.04 during midday trading on Friday, hitting $6.32. The stock had a trading volume of 988,988 shares, compared to its average volume of 2,150,392. The company’s 50-day moving average price is $5.93 and its 200-day moving average price is $5.92. FS KKR Capital has a fifty-two week low of $5.09 and a fifty-two week high of $6.64. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $3.24 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 2.69 and a beta of 1.15.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. FS KKR Capital had a net margin of 22.13% and a return on equity of 9.01%. The business had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $193.44 million. Research analysts expect that FS KKR Capital will post 0.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 12.03%. FS KKR Capital’s payout ratio 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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