FS KKR Capital (NYSE:FSK) Sets New 52-Week Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

FSK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. Keefe, Bruyette & Woods increased their price target 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. Wells Fargo & Company downgraded FS KKR Capital from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $21.00 to $19.00 in a research note on Monday, March 17th. Finally, Royal Bank of Canada upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $21.30.

FS KKR Capital Stock Down 6.0 %

The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 9.74 and a beta of 0.98. The firm’s fifty day moving average price is $22.37 and its two-hundred day moving average price is $21.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

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

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.70 per share. The ex-dividend date 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 (DPR) is presently 122.49%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FSK. Sunbelt Securities Inc. lifted its position in FS KKR Capital by 1.3% in the 4th quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company’s stock valued at $726,000 after acquiring an additional 423 shares in the last quarter. Kendall Capital Management lifted its holdings in shares of FS KKR Capital by 2.3% in the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock valued at $497,000 after purchasing an additional 517 shares in the last quarter. Endowment Wealth Management Inc. boosted its position in shares of FS KKR Capital by 0.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock valued at $1,977,000 after buying an additional 582 shares during the last quarter. Lloyd Advisory Services LLC. grew its holdings in FS KKR Capital by 6.7% during the fourth quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock worth $232,000 after buying an additional 667 shares in the last quarter. Finally, McIlrath & Eck LLC raised its position in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after buying an additional 675 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

About FS KKR Capital

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.