FS KKR Capital (NYSE:FSK) Reaches New 12-Month High – Here’s What Happened

Shares of FS KKR Capital Corp. (NYSE:FSK) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.25 and last traded at $21.22, with a volume of 552007 shares changing hands. The stock had previously closed at $21.01.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, FS KKR Capital has a consensus rating of “Hold” and a consensus price target of $19.94.

FS KKR Capital Price Performance

The stock has a market capitalization of $5.91 billion, a PE ratio of 11.22 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The business has a fifty day moving average price of $20.17 and a 200-day moving average price of $20.00.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period last year, the business earned $0.80 earnings per share. Research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is 136.17%.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of FS KKR Capital in the 1st quarter worth approximately $1,122,000. ProShare Advisors LLC boosted its stake in shares of FS KKR Capital by 15.8% during the 1st quarter. ProShare Advisors LLC now owns 39,461 shares of the company’s stock worth $753,000 after acquiring an additional 5,377 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in FS KKR Capital by 47.4% during the first quarter. Orion Portfolio Solutions LLC now owns 62,938 shares of the company’s stock valued at $1,200,000 after purchasing an additional 20,230 shares during the period. Partners Group Holding AG grew its stake in shares of FS KKR Capital by 8.6% during the 1st quarter. Partners Group Holding AG now owns 292,259 shares of the company’s stock valued at $5,573,000 after acquiring an additional 23,062 shares during the period. Finally, Rockport Wealth LLC purchased a new stake in shares of FS KKR Capital in the first quarter worth $280,000. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Company Profile

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.