FS KKR Capital (FSK) Downgraded to “Strong Sell” at ValuEngine

ValuEngine lowered shares of FS KKR Capital (NYSE:FSK) from a sell rating to a strong sell rating in a report issued on Monday, ValuEngine reports.

FSK has been the subject of a number of other research reports. Zacks Investment Research raised FS KKR Capital from a hold rating to a buy rating and set a $7.00 price target for the company in a report on Monday, January 28th. National Securities reissued a buy rating and issued a $10.00 price target on shares of FS KKR Capital in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. initiated coverage on FS KKR Capital in a report on Monday, March 11th. They issued a neutral rating for the company.

Shares of FSK opened at $6.15 on Monday. The stock has a market capitalization of $3.23 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 2.69 and a beta of 1.14. FS KKR Capital has a one year low of $5.09 and a one year high of $8.24. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 27th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $103.00 million during the quarter, compared to the consensus estimate of $98.51 million. FS KKR Capital had a positive return on equity of 8.04% and a negative net margin of 37.74%. On average, research analysts anticipate that FS KKR Capital will post 0.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Wednesday, March 20th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 12.36%. The ex-dividend date is Tuesday, March 19th. FS KKR Capital’s dividend payout ratio is currently 89.41%.

In other news, CEO Michael C. Forman bought 12,700 shares of FS KKR Capital stock in a transaction on Wednesday, February 27th. The shares were bought at an average price of $6.49 per share, with a total value of $82,423.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard I. Goldstein bought 5,000 shares of FS KKR Capital stock in a transaction on Thursday, January 17th. The shares were purchased at an average cost of $5.85 per share, for a total transaction of $29,250.00. The disclosure for this purchase can be found here. Insiders purchased 459,055 shares of company stock valued at $2,834,570 in the last three months. 1.07% of the stock is currently owned by company insiders.

An institutional investor recently bought a new position in FS KKR Capital stock. Clarus Wealth Advisors bought a new position in shares of FS KKR Capital Corp (NYSE:FSK) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 34,608 shares of the company’s stock, valued at approximately $179,000. 30.09% of the stock is 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 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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