Shares of FS KKR Capital Corp (NYSE:FSK) saw unusually-high trading volume on Friday . Approximately 4,613,360 shares traded hands during trading, an increase of 132% from the previous session’s volume of 1,984,454 shares.The stock last traded at $6.50 and had previously closed at $6.40.
FSK has been the topic of several analyst reports. Zacks Investment Research downgraded FS KKR Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. ValuEngine downgraded FS KKR Capital from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 2nd. National Securities reissued a “buy” rating and set a $10.00 target price on shares of FS KKR Capital in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. initiated coverage on FS KKR Capital in a research report on Monday, March 11th. They set a “neutral” rating on the stock.
The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 2.77 and a beta of 1.15.
FS KKR Capital (NYSE:FSK) last posted 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%. As a group, equities analysts anticipate that FS KKR Capital Corp will post 0.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Wednesday, March 20th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 11.69%. The ex-dividend date of this dividend is Tuesday, March 19th. FS KKR Capital’s payout ratio is currently 93.83%.
In other FS KKR Capital news, CEO Michael C. Forman acquired 15,082 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $6.42 per share, for a total transaction of $96,826.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Pietrzak acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 17th. The shares were acquired at an average price of $5.88 per share, with a total value of $294,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 357,362 shares of company stock valued at $2,213,160. 1.07% of the stock is owned by company insiders.
An institutional investor recently bought a new position in FS KKR Capital stock. Clarus Wealth Advisors acquired a new stake in shares of FS KKR Capital Corp (NYSE:FSK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 34,608 shares of the company’s stock, valued at approximately $179,000. 65.90% of the stock is owned by institutional investors and hedge funds.
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FS KKR Capital Company Profile (NYSE:FSK)
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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