According to Zacks, “FS KKR Capital Corp. is a business development company. It invests primarily in the senior secured debt and subordinated debt of private middle market U.S. companies. FS KKR Capital Corp., formerly known as FS Investment Corporation, is based in Philadelphia, United States. “
A number of other research firms have also weighed in on FSK. National Securities reaffirmed a buy rating and set a $10.00 target price on shares of FS KKR Capital in a report on Monday. JPMorgan Chase & Co. began coverage on FS KKR Capital in a research note on Monday, March 11th. They issued a neutral rating on the stock. Finally, ValuEngine raised FS KKR Capital from a strong sell rating to a sell rating in a research note on Thursday, January 31st.
FSK traded up $0.01 during trading hours on Monday, hitting $6.17. The stock had a trading volume of 12,183 shares, compared to its average volume of 1,552,879. FS KKR Capital has a 1 year low of $5.09 and a 1 year high of $8.24. The firm has a market cap of $3.21 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 2.76 and a beta of 1.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.34 and a current ratio of 1.34.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). FS KKR Capital had a positive return on equity of 8.26% and a negative net margin of 12.43%. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $189.38 million. As a group, research analysts predict that FS KKR Capital will post 0.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Wednesday, June 19th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 12.32%. The ex-dividend date is Tuesday, June 18th. FS KKR Capital’s dividend payout ratio is currently 89.41%.
In other FS KKR Capital news, CEO Michael C. Forman purchased 12,700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was purchased at an average cost of $6.49 per share, with a total value of $82,423.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman purchased 15,415 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $6.45 per share, with a total value of $99,426.75. The disclosure for this purchase can be found here. Insiders have purchased a total of 160,425 shares of company stock valued at $999,666 over the last three months. 1.07% of the stock is owned by corporate insiders.
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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