FS KKR Capital (NYSE:FSK) Reaches New 12-Month Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FSK shares. JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective 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. Keefe, Bruyette & Woods increased their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market 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 target for the company. in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company downgraded shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.30.

FS KKR Capital Trading Down 6.0 %

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 firm has a 50-day moving average of $22.37 and a two-hundred day moving average of $21.53. The firm has a market capitalization of $5.11 billion, a P/E ratio of 9.74 and a beta of 0.98.

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

FS KKR Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 15.34%. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Institutional Trading of FS KKR Capital

Hedge funds have recently made changes to their positions in the company. Generali Asset Management SPA SGR acquired a new stake in FS KKR Capital during the 4th quarter worth approximately $17,608,000. Van ECK Associates Corp grew its stake in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares during the last quarter. Transce3nd LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at $11,173,000. Legacy Investment Solutions LLC bought a new position in FS KKR Capital during the 3rd quarter worth $7,830,000. Finally, Raymond James Financial Inc. bought a new position in FS KKR Capital during the 4th quarter worth $6,499,000. 36.26% of the stock is owned by institutional investors and hedge funds.

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.