FS KKR Capital (NYSE:FSK) Issues Quarterly Earnings Results, Meets Estimates

FS KKR Capital (NYSE:FSKGet Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75, Briefing.com reports. The firm had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same quarter last year, the business posted $0.81 EPS.

FS KKR Capital Stock Up 1.3 %

Shares of FS KKR Capital stock traded up $0.24 during trading on Thursday, hitting $18.78. 938,081 shares of the stock traded hands, compared to its average volume of 1,768,499. The stock has a market cap of $5.26 billion, a P/E ratio of 7.45 and a beta of 1.28. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.75 and a current ratio of 1.88. FS KKR Capital has a twelve month low of $17.07 and a twelve month high of $20.99. The company has a fifty day moving average price of $20.25 and a two-hundred day moving average price of $19.95.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $2.56 annualized dividend and a dividend yield of 13.63%. FS KKR Capital’s dividend payout ratio is 102.81%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Hovde Group reissued a “market perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday. Compass Point cut FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $21.50 to $19.50 in a research note on Tuesday. Royal Bank of Canada decreased their price objective on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, TheStreet upgraded FS KKR Capital from a “c” rating to a “b-” rating in a research report on Thursday, November 9th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.22.

View Our Latest Stock Report on FSK

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SageView Advisory Group LLC lifted its holdings in FS KKR Capital by 62.2% in the 4th quarter. SageView Advisory Group LLC now owns 90,425 shares of the company’s stock worth $1,875,000 after purchasing an additional 34,659 shares during the last quarter. O Dell Group LLC acquired a new stake in FS KKR Capital in the 4th quarter worth approximately $117,000. Partners Group Holding AG acquired a new stake in FS KKR Capital in the 4th quarter worth approximately $5,376,000. Venture Visionary Partners LLC acquired a new stake in FS KKR Capital in the 4th quarter worth approximately $3,073,000. Finally, Legal & General Group Plc lifted its holdings in FS KKR Capital by 4.1% in the 4th quarter. Legal & General Group Plc now owns 2,405,870 shares of the company’s stock worth $48,033,000 after purchasing an additional 95,467 shares during the last quarter. 33.42% of the stock is currently owned by institutional investors and hedge funds.

About FS KKR Capital

(Get Free Report)

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.

Further Reading

Earnings History for FS KKR Capital (NYSE:FSK)

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