FS KKR Capital - FSK Stock Forecast, Price & News

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. companies. 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. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor. Additionally, on an opportunistic basis, the fund may also invest in corporate bonds and similar debt securities. The fund does not seek to invest in start-up companies, turnaround situations, or companies with speculative business plans. It seeks to invest in small and middle-market companies based in United States. The fund seeks to invest in firms with annual revenue between $10 million to $2.5 billion. It focus on providing customized one-stop credit solutions to private upper middle market companies with annual EBITDA of $50 million to $100 million at the time of investment. It seeks to exit from securities by selling them in a privately negotiated over- the- counter market. For any investments that are not able to be sold within the secondary market, the firm seeks to exit such investments through repayment, an initial public offering of equity securities, merger, sale or recapitalization.

FS KKR Capital Stock Performance

Shares of FSK opened at $22.21 on Thursday. The company has a market capitalization of $6.29 billion, a PE ratio of 10.48 and a beta of 1.36. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.49 and a current ratio of 2.49. The company's 50 day moving average price is $20.61 and its 200 day moving average price is $21.53. FS KKR Capital has a 52 week low of $18.08 and a 52 week high of $23.44.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Wednesday, September 14th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 12.07%. The ex-dividend date is Tuesday, September 13th. FS KKR Capital's dividend payout ratio is currently 128.30%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FSK. Hovde Group cut their target price on FS KKR Capital to $23.00 in a research report on Friday, May 20th. Compass Point decreased their target price on FS KKR Capital to $24.00 in a research report on Monday. Finally, Wells Fargo & Company upped their price target on FS KKR Capital from $19.00 to $20.50 and gave the company an "equal weight" rating in a research report on Wednesday, August 10th.

Insider Transactions at FS KKR Capital

In other news, insider Brian Gerson purchased 2,000 shares of the business's stock in a transaction dated Friday, May 27th. The stock was bought at an average cost of $21.74 per share, with a total value of $43,480.00. Following the purchase, the insider now directly owns 11,642 shares of the company's stock, valued at $253,097.08. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other FS KKR Capital news, CEO Michael C. Forman acquired 5,488 shares of FS KKR Capital stock in a transaction that occurred on Tuesday, May 24th. The stock was acquired at an average price of $20.41 per share, with a total value of $112,010.08. Following the purchase, the chief executive officer now owns 5,488 shares in the company, valued at $112,010.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Gerson acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, May 27th. The stock was acquired at an average price of $21.74 per share, with a total value of $43,480.00. Following the completion of the acquisition, the insider now directly owns 11,642 shares of the company's stock, valued at approximately $253,097.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 8,538 shares of company stock valued at $178,365. 0.20% of the stock is owned by insiders.