Shares of FS KKR Capital Corp (NYSE:FSK) have been given a consensus broker rating score of 3.00 (Hold) from the four analysts that cover the company, Zacks Investment Research reports. Four research analysts have rated the stock with a hold rating.
Brokerages have set a one year consensus price objective of $7.00 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned FS KKR Capital an industry rank of 86 out of 256 based on the ratings given to its competitors.
FSK has been the subject of several research analyst reports. Zacks Investment Research upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a report on Tuesday. Raymond James initiated coverage on FS KKR Capital in a report on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 price objective for the company. National Securities restated a “buy” rating and issued a $10.00 price objective on shares of FS KKR Capital in a report on Monday, May 13th. JPMorgan Chase & Co. upgraded FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price objective for the company in a report on Friday. Finally, ValuEngine lowered FS KKR Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 23rd.
Shares of FS KKR Capital stock traded down $0.09 during trading on Monday, hitting $5.81. The stock had a trading volume of 1,651,409 shares, compared to its average volume of 1,803,607. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 6.84, a P/E/G ratio of 2.53 and a beta of 1.08. The firm’s fifty day simple moving average is $5.95. FS KKR Capital has a fifty-two week low of $5.09 and a fifty-two week high of $7.95.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The business had revenue of $199.00 million during the quarter, compared to analyst estimates of $194.84 million. FS KKR Capital had a return on equity of 9.07% and a net margin of 12.11%. On average, analysts predict that FS KKR Capital will post 0.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 18th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.76 annualized dividend and a dividend yield of 13.08%. FS KKR Capital’s dividend payout ratio (DPR) is 89.41%.
In related news, Director Richard I. Goldstein bought 5,000 shares of FS KKR Capital stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of $5.99 per share, with a total value of $29,950.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stephen Sypherd bought 16,807 shares of FS KKR Capital stock in a transaction dated Wednesday, June 5th. The shares were bought at an average cost of $5.95 per share, with a total value of $100,001.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 35,107 shares of company stock valued at $209,152. 0.35% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Beach Point Capital Management LP purchased a new stake in shares of FS KKR Capital during the second quarter valued at $115,333,000. Commonwealth Equity Services LLC acquired a new position in FS KKR Capital during the second quarter valued at $66,831,000. LPL Financial LLC acquired a new position in FS KKR Capital during the second quarter valued at $52,281,000. Van ECK Associates Corp acquired a new position in FS KKR Capital during the second quarter valued at $21,168,000. Finally, Advisor Group Inc. acquired a new position in FS KKR Capital during the second quarter valued at $20,073,000. 28.88% of the stock is owned by institutional investors and hedge funds.
FS KKR Capital Company Profile
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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