FS KKR Capital (NYSE:FSK) Sets New 52-Week Low – Here’s Why

FS KKR Capital Corp. (NYSE:FSK)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $17.95 and last traded at $18.17, with a volume of 835570 shares changing hands. The stock had previously closed at $19.41.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FSK. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. Finally, Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $21.00 to $19.00 in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average target price of $20.70.

FS KKR Capital Stock Performance

The firm has a 50 day moving average price of $22.09 and a 200-day moving average price of $21.48. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market cap of $5.03 billion, a P/E ratio of 9.54 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. On average, research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 15.60%. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

Institutional Investors Weigh In On FS KKR Capital

A number of hedge funds have recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of FS KKR Capital in the fourth quarter worth about $33,000. Fourth Dimension Wealth LLC acquired a new stake in FS KKR Capital in the 4th quarter valued at approximately $33,000. McIlrath & Eck LLC increased its position in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after buying an additional 1,554 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $52,000. 36.26% of the stock is currently owned by institutional investors.

About FS KKR Capital

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.