FS KKR Capital (NYSE:FSK) Reaches New 1-Year High at $21.10


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FS KKR Capital Corp. (NYSE:FSK)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $21.10 and last traded at $21.10, with a volume of 791 shares changing hands. The stock had previously closed at $21.00.

Several equities analysts have commented on the company. Zacks Investment Research cut FS KKR Capital from a “buy” rating to a “hold” rating in a report on Monday, January 11th. Hovde Group assumed coverage on FS KKR Capital in a report on Friday, March 5th. They issued an “outperform” rating and a $23.00 target price for the company. Finally, Compass Point raised FS KKR Capital from a “neutral” rating to a “buy” rating in a report on Tuesday, March 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. FS KKR Capital presently has an average rating of “Hold” and an average price target of $17.11.

The stock has a market capitalization of $2.61 billion, a P/E ratio of -4.63 and a beta of 1.59. 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 50-day simple moving average of $19.66 and a 200 day simple moving average of $17.58.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Sunday, February 28th. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.08). FS KKR Capital had a negative net margin of 86.86% and a positive return on equity of 11.18%. Equities analysts predict that FS KKR Capital Corp. will post 2.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 2nd. Stockholders of record on Wednesday, March 17th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, March 16th. This represents a $2.40 annualized dividend and a dividend yield of 11.40%. FS KKR Capital’s dividend payout ratio is currently 75.00%.

Several large investors have recently bought and sold shares of FSK. Morgan Stanley boosted its position in shares of FS KKR Capital by 109.4% in the 4th quarter. Morgan Stanley now owns 629,395 shares of the company’s stock worth $10,423,000 after purchasing an additional 328,761 shares during the last quarter. Kestra Advisory Services LLC raised its stake in FS KKR Capital by 71.8% during the 4th quarter. Kestra Advisory Services LLC now owns 752,738 shares of the company’s stock worth $12,352,000 after buying an additional 314,643 shares during the period. Kohlberg Kravis Roberts & Co. L.P. raised its stake in FS KKR Capital by 7.0% during the 4th quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 3,921,610 shares of the company’s stock worth $64,942,000 after buying an additional 256,498 shares during the period. Cetera Investment Advisers acquired a new stake in FS KKR Capital during the 4th quarter worth $3,683,000. Finally, Almitas Capital LLC raised its stake in FS KKR Capital by 120.8% during the 4th quarter. Almitas Capital LLC now owns 276,063 shares of the company’s stock worth $4,572,000 after buying an additional 151,011 shares during the period. Institutional investors and hedge funds own 29.43% of the company’s stock.

About FS KKR Capital (NYSE:FSK)

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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