FS KKR Capital (NYSE:FSK) Announces Quarterly Earnings Results

FS KKR Capital (NYSE:FSK) posted its quarterly earnings results on Wednesday. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03), FiscalAI reports. The company had revenue of $348.00 million for the quarter, compared to analyst estimates of $361.59 million. FS KKR Capital had a return on equity of 5.12% and a net margin of 0.72%.During the same quarter in the prior year, the business posted $0.66 earnings per share.

FS KKR Capital Price Performance

Shares of FSK traded down $0.41 during mid-day trading on Friday, reaching $10.89. The stock had a trading volume of 8,702,700 shares, compared to its average volume of 3,150,060. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. The business’s fifty day moving average is $13.98 and its 200 day moving average is $15.29. FS KKR Capital has a 52-week low of $10.84 and a 52-week high of $23.84.

FS KKR Capital Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a dividend yield of 1,595.0%. FS KKR Capital’s payout ratio is presently 263.92%.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors have recently modified their holdings of the company. Jessup Wealth Management Inc bought a new position in shares of FS KKR Capital during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC raised its stake in shares of FS KKR Capital by 201.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,678 shares of the company’s stock valued at $40,000 after purchasing an additional 1,789 shares in the last quarter. Knott David M Jr bought a new stake in shares of FS KKR Capital during the 4th quarter worth about $43,000. Strive Financial Group LLC bought a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $50,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at $59,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FSK. Royal Bank Of Canada dropped their price target on shares of FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research note on Thursday, January 22nd. Wall Street Zen downgraded FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, FS KKR Capital presently has an average rating of “Hold” and a consensus price target of $16.50.

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.