Key Points
- CEO Michael Forman bought 10,000 shares on Nov. 11 at an average price of $15.50 (≈$155,000), raising his stake to 24,220 shares — a 70.32% increase in ownership.
- FS KKR declared a quarterly dividend of $0.64 ($2.56 annualized) with a 16.4% yield, but the dividend payout ratio is an elevated 263.92%, signaling potential sustainability concerns; the ex-dividend date is Dec. 3 and the payment date is Dec. 17.
- Analysts have grown cautious: the consensus rating on FSK is "Reduce" with an average price target of $17.67 after several firms lowered ratings and targets.
FS KKR Capital Corp. (NYSE:FSK - Get Free Report) CEO Michael Forman acquired 10,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were purchased at an average price of $15.50 per share, with a total value of $155,000.00. Following the completion of the transaction, the chief executive officer owned 24,220 shares of the company's stock, valued at approximately $375,410. This represents a 70.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.
FS KKR Capital Trading Up 0.9%
Shares of FSK opened at $15.63 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 52-week low of $14.05 and a 52-week high of $24.10. The business's fifty day moving average is $15.55 and its 200-day moving average is $18.67.
FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $373.00 million during the quarter, compared to the consensus estimate of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same period in the prior year, the company earned $0.74 EPS. As a group, analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.
FS KKR Capital Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date is Wednesday, December 3rd. FS KKR Capital's dividend payout ratio (DPR) is presently 263.92%.
Analysts Set New Price Targets
Several brokerages recently commented on FSK. Wall Street Zen downgraded shares of FS KKR Capital from a "hold" rating to a "sell" rating in a research note on Saturday, October 25th. Wells Fargo & Company raised FS KKR Capital from an "underweight" rating to an "equal weight" rating and set a $15.00 target price for the company in a report on Monday, October 6th. JPMorgan Chase & Co. cut their price target on FS KKR Capital from $18.00 to $15.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 1st. Royal Bank Of Canada reduced their price target on FS KKR Capital from $21.00 to $18.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 26th. Finally, Zacks Research lowered shares of FS KKR Capital from a "hold" rating to a "strong sell" rating in a report on Tuesday. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $17.67.
Get Our Latest Stock Analysis on FS KKR Capital
Institutional Investors Weigh In On FS KKR Capital
A number of institutional investors have recently modified their holdings of the company. PFG Advisors acquired a new stake in FS KKR Capital during the 3rd quarter worth about $2,722,000. Dynamic Technology Lab Private Ltd bought a new stake in FS KKR Capital in the third quarter worth approximately $1,135,000. Ameriflex Group Inc. lifted its stake in FS KKR Capital by 93.3% in the third quarter. Ameriflex Group Inc. now owns 29,658 shares of the company's stock valued at $443,000 after buying an additional 14,315 shares during the period. HUB Investment Partners LLC lifted its stake in FS KKR Capital by 288.4% in the third quarter. HUB Investment Partners LLC now owns 90,259 shares of the company's stock valued at $1,348,000 after buying an additional 67,022 shares during the period. Finally, Legacy Capital Group California Inc. boosted its holdings in shares of FS KKR Capital by 5.8% during the 3rd quarter. Legacy Capital Group California Inc. now owns 210,751 shares of the company's stock worth $3,147,000 after buying an additional 11,564 shares in the last quarter. 36.26% of the stock is owned by institutional investors.
FS KKR Capital Company Profile
(
Get Free Report)
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.
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