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 Up 0.7 %

NYSE:FSK traded up $0.15 during trading hours on Thursday, reaching $22.36. The company's stock had a trading volume of 29,302 shares, compared to its average volume of 901,767. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 10.52 and a beta of 1.36. FS KKR Capital has a one year low of $18.08 and a one year high of $23.44. The business's 50-day moving average is $20.55 and its 200-day moving average is $21.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.49 and a quick ratio of 3.71.

FS KKR Capital (NYSE:FSK - Get Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.08. The firm had revenue of $396.00 million during the quarter, compared to analysts' expectations of $356.52 million. FS KKR Capital had a net margin of 40.23% and a return on equity of 9.93%. Equities research analysts predict that FS KKR Capital will post 2.7 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Wednesday, September 14th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 11.99%. The ex-dividend date is Tuesday, September 13th. FS KKR Capital's dividend payout ratio is presently 128.30%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their price target on shares of FS KKR Capital from $19.00 to $20.50 and gave the company an "equal weight" rating in a report on Wednesday. Hovde Group lowered their price target on shares of FS KKR Capital to $23.00 in a report on Friday, May 20th.

Insider Buying and Selling

In other news, insider Brian Gerson bought 2,000 shares of the business's stock in a transaction on Friday, May 27th. The stock was purchased at an average price of $21.74 per share, with a total value of $43,480.00. Following the transaction, the insider now directly owns 11,642 shares in the company, valued at $253,097.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael C. Forman bought 5,488 shares of the business's stock in a transaction on Tuesday, May 24th. The stock was purchased at an average price of $20.41 per share, with a total value of $112,010.08. Following the transaction, the chief executive officer now directly owns 5,488 shares in the company, valued at $112,010.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian Gerson bought 2,000 shares of the business's stock in a transaction on Friday, May 27th. The shares were purchased at an average cost of $21.74 per share, with a total value of $43,480.00. Following the transaction, the insider now owns 11,642 shares in the company, valued at $253,097.08. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 9,038 shares of company stock worth $189,070. Corporate insiders own 0.20% of the company's stock.