FS KKR Capital Corp (NYSE:FSK) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $7.40.
Several research firms have recently issued reports on FSK. JPMorgan Chase & Co. raised FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 target price for the company in a report on Friday, August 9th. Zacks Investment Research upgraded FS KKR Capital from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Thursday, October 31st. ValuEngine raised FS KKR Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group started coverage on FS KKR Capital in a research note on Thursday, October 10th. They issued a “buy” rating and a $8.00 price objective for the company.
In other news, Director Michael J. Hagan purchased 42,100 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $5.95 per share, for a total transaction of $250,495.00. Also, Director Brian R. Ford purchased 7,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of $6.05 per share, with a total value of $42,350.00. Following the purchase, the director now directly owns 16,575 shares in the company, valued at approximately $100,278.75. The disclosure for this purchase can be found here. Insiders have bought a total of 78,100 shares of company stock valued at $467,605 over the last three months. Insiders own 0.35% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Horan Securities Inc. bought a new position in FS KKR Capital during the second quarter worth about $27,000. Kistler Tiffany Companies LLC bought a new position in FS KKR Capital in the 2nd quarter worth approximately $31,000. Hanson McClain Inc. bought a new position in FS KKR Capital in the 2nd quarter worth approximately $31,000. TCG Advisors LP purchased a new position in FS KKR Capital in the 2nd quarter valued at approximately $33,000. Finally, Barnett & Company Inc. purchased a new position in FS KKR Capital in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 28.76% of the company’s stock.
FS KKR Capital stock traded up $0.04 during midday trading on Friday, hitting $6.32. 988,988 shares of the stock were exchanged, compared to its average volume of 2,150,392. FS KKR Capital has a 52-week low of $5.09 and a 52-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 business’s 50-day moving average price is $5.93 and its 200-day moving average price is $5.92. The stock has a market capitalization of $3.24 billion, a price-to-earnings 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 posted its quarterly earnings data on Thursday, November 7th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $199.00 million during the quarter, compared to analyst estimates of $193.44 million. On average, sell-side analysts predict that FS KKR Capital will post 0.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 12.03%. The ex-dividend date is Tuesday, December 17th. FS KKR Capital’s payout ratio is 89.41%.
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.
Further Reading: Return on Equity (ROE)
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