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.

Analysts Set New Price Targets

FSK has been the topic of a number of recent analyst reports. Hovde Group reduced their price target on FS KKR Capital to $23.00 in a research note on Friday, May 20th. Wells Fargo & Company increased their price target on shares of FS KKR Capital from $19.00 to $20.50 and gave the stock an "equal weight" rating in a research report on Wednesday.

FS KKR Capital Stock Performance

FSK traded up $0.07 during trading on Friday, hitting $22.43. The stock had a trading volume of 1,453,217 shares, compared to its average volume of 933,958. The company has a 50 day simple moving average of $20.58 and a 200-day simple moving average of $21.52. FS KKR Capital has a 12 month low of $18.08 and a 12 month high of $23.44. The company has a current ratio of 2.49, a quick ratio of 3.71 and a debt-to-equity ratio of 1.24. The firm has a market cap of $6.35 billion, a PE ratio of 10.58 and a beta of 1.36.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Wednesday, September 14th will be given a $0.67 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $2.68 dividend on an annualized basis and a yield of 11.95%. FS KKR Capital's dividend payout ratio (DPR) is presently 128.30%.

Insider Buying and Selling at FS KKR Capital

In other news, insider Brian Gerson bought 2,000 shares of the 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 completion of the purchase, the insider now owns 11,642 shares of the company's stock, valued at $253,097.08. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other FS KKR Capital news, insider Brian Gerson purchased 2,000 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were acquired at an average cost of $21.74 per share, with a total value of $43,480.00. Following the completion of the transaction, the insider now owns 11,642 shares in the company, valued at $253,097.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael C. Forman bought 5,488 shares of the firm's stock in a transaction on Tuesday, May 24th. The stock was purchased at an average cost of $20.41 per share, for a total transaction of $112,010.08. Following the completion of the acquisition, the chief executive officer now owns 5,488 shares in the company, valued at $112,010.08. The disclosure for this purchase can be found here. Insiders have bought a total of 9,538 shares of company stock worth $200,285 over the last ninety days. Corporate insiders own 0.20% of the company's stock.