FS KKR Capital Corp (NYSE:FSK) CEO Michael C. Forman bought 49,100 shares of the stock in a transaction dated Friday, March 22nd. The shares were acquired at an average price of $6.08 per share, for a total transaction of $298,528.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
FS KKR Capital stock traded down $0.02 during midday trading on Friday, reaching $6.04. The stock had a trading volume of 2,296,266 shares, compared to its average volume of 1,928,167. FS KKR Capital Corp has a 12 month low of $5.09 and a 12 month high of $8.24. The stock has a market capitalization of $3.18 billion, a P/E ratio of 7.11, a P/E/G ratio of 2.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.13 and a current ratio of 2.13.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 27th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. FS KKR Capital had a positive return on equity of 8.04% and a negative net margin of 37.74%. Equities research analysts forecast that FS KKR Capital Corp will post 0.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Wednesday, March 20th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 12.58%. The ex-dividend date of this dividend is Tuesday, March 19th. FS KKR Capital’s dividend payout ratio is currently 89.41%.
An institutional investor recently bought a new position in FS KKR Capital stock. Clarus Wealth Advisors acquired a new stake in FS KKR Capital Corp (NYSE:FSK) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 34,608 shares of the company’s stock, valued at approximately $179,000. 30.00% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on FSK. Zacks Investment Research cut FS KKR Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. ValuEngine cut FS KKR Capital from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. began coverage on FS KKR Capital in a research note on Monday, March 11th. They set a “neutral” rating on the stock. Finally, National Securities reiterated a “buy” rating and set a $10.00 target price on shares of FS KKR Capital in a research note on Monday, March 4th.
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FS KKR Capital Company Profile
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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