FS KKR Capital (NYSE:FSK) Reaches New 1-Year Low – Should You Sell?

Shares of FS KKR Capital Corp. (NYSE:FSK) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.72 and last traded at $10.0250, with a volume of 616510 shares changing hands. The stock had previously closed at $10.26.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FSK. Weiss Ratings lowered FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. reduced their price objective on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, March 13th. Truist Financial decreased their target price on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. B. Riley Financial lowered their target price on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Finally, Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FS KKR Capital currently has an average rating of “Reduce” and an average price target of $13.36.

FS KKR Capital Trading Down 2.7%

The firm has a 50 day moving average of $12.92 and a 200 day moving average of $14.60. The firm has a market cap of $2.80 billion, a PE ratio of 332.83 and a beta of 0.86. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.During the same period in the prior year, the business earned $0.66 earnings per share. Equities analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th will be paid a $0.03 dividend. This represents a yield of 117.0%. The ex-dividend date is Wednesday, March 18th. FS KKR Capital’s payout ratio is currently 6,000.00%.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Friday, February 27th. The stock was purchased at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the transaction, the insider directly owned 64,800 shares of the company’s stock, valued at $729,000. This trade represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Institutional Trading of FS KKR Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Beacon Capital Management Inc. bought a new position in FS KKR Capital in the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in FS KKR Capital in the 4th quarter valued at approximately $26,000. Jessup Wealth Management Inc bought a new stake in FS KKR Capital during the 4th quarter valued at $26,000. FNY Investment Advisers LLC purchased a new stake in shares of FS KKR Capital during the fourth quarter worth $28,000. Finally, Eastern Bank lifted its position in shares of FS KKR Capital by 355.6% during the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 1,561 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.