FS KKR Capital (NYSE:FSK) Shares Gap Down to $19.87

FS KKR Capital Corp. (NYSE:FSK) gapped down before the market opened on Wednesday . The stock had previously closed at $19.87, but opened at $19.15. FS KKR Capital shares last traded at $18.98, with a volume of 569,580 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered their target price on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and an average price target of $20.06.

FS KKR Capital Price Performance

The company has a fifty day simple moving average of $19.92 and a 200 day simple moving average of $19.62. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 8.09 and a beta of 1.26. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same period in the previous year, the firm earned $0.78 earnings per share. Equities research analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a dividend yield of 13.33%. FS KKR Capital’s dividend payout ratio (DPR) is currently 106.67%.

Insider Transactions at FS KKR Capital

In related news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently bought and sold shares of FSK. Van ECK Associates Corp increased its position in FS KKR Capital by 26.9% in the 1st quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock valued at $125,935,000 after buying an additional 1,398,998 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of FS KKR Capital by 3.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,331,784 shares of the company’s stock worth $82,607,000 after purchasing an additional 141,625 shares in the last quarter. LPL Financial LLC grew its position in FS KKR Capital by 1.8% in the 2nd quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock valued at $66,141,000 after purchasing an additional 59,240 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in FS KKR Capital by 1.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,143,793 shares of the company’s stock worth $40,882,000 after buying an additional 34,416 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of FS KKR Capital by 3.2% in the first quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock valued at $37,500,000 after buying an additional 60,700 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.