Shares of FS KKR Capital Corp (NYSE:FSK) have been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $7.63.
Several research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of FS KKR Capital in a research note on Thursday. They issued a “buy” rating and a $8.00 price target for the company. ValuEngine upgraded shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upgraded shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price target for the company in a research note on Friday, August 9th. Finally, Zacks Investment Research lowered shares of FS KKR Capital from a “buy” rating to a “hold” rating in a research note on Wednesday.
Shares of NYSE FSK opened at $5.65 on Thursday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.84. FS KKR Capital has a 12 month low of $5.09 and a 12 month high of $6.93. The firm has a market capitalization of $2.99 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 2.59 and a beta of 1.11. The firm has a fifty day simple moving average of $5.79 and a two-hundred day simple moving average of $5.99.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.76 dividend on an annualized basis and a yield of 13.45%. FS KKR Capital’s dividend payout ratio is currently 89.41%.
In other news, Director Michael J. Hagan acquired 42,100 shares of FS KKR Capital stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $5.95 per share, for a total transaction of $250,495.00. Also, insider Daniel Pietrzak acquired 10,000 shares of FS KKR Capital stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $5.65 per share, with a total value of $56,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 57,100 shares of company stock valued at $335,795. 0.35% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in FSK. Beach Point Capital Management LP bought a new stake in FS KKR Capital during the 2nd quarter valued at about $115,333,000. Commonwealth Equity Services LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at about $66,831,000. LPL Financial LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at about $52,281,000. HBK Investments L P purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at about $45,575,000. Finally, UBS Group AG purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at about $28,777,000. Institutional investors and hedge funds own 29.94% of the company’s stock.
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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