FS KKR Capital (NYSE:FSK) Shares Break Above Two Hundred Day Moving Average – What’s Next?

FS KKR Capital Corp. (NYSE:FSK)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $11.36 and traded as high as $11.45. FS KKR Capital shares last traded at $11.4350, with a volume of 2,895,121 shares traded.

Analyst Ratings Changes

FSK has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of FS KKR Capital in a report on Friday, August 28th. Capital One Financial set a $12.00 price target on shares of FS KKR Capital in a report on Friday, August 7th. Wells Fargo & Company downgraded FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a report on Tuesday, September 29th. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Six 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 has an average rating of “Reduce” and an average price target of $11.43.

FS KKR Capital Trading Up 3.1%

The company has a fifty day simple moving average of $11.27 and a 200-day simple moving average of $11.32. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 5.77 and a beta of 0.88.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. The business had revenue of $290.00 million for the quarter, compared to the consensus estimate of $286.75 million. During the same quarter in the prior year, the company earned ($0.75) EPS. On average, research analysts forecast that FS KKR Capital Corp. will post 1.64 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 1st. FS KKR Capital’s payout ratio is currently -130.37%.

Institutional Investors Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSK. Triumph Capital Management boosted its holdings in shares of FS KKR Capital by 98.1% in the second quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock valued at $27,000 after acquiring an additional 1,275 shares in the last quarter. Harborfront Financial Group LLC acquired a new position in FS KKR Capital in the 2nd quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. acquired a new position in FS KKR Capital during the second quarter worth $53,000. Fifth Third Bancorp acquired a new position in FS KKR Capital during the 1st quarter worth $65,000. Finally, Continuum Advisory LLC acquired a new position in FS KKR Capital during the 2nd quarter valued at $76,000. 36.26% of the stock is currently owned by institutional investors.

About FS KKR Capital

FS KKR Capital Corp. (NYSE: FSK) is a business development company (BDC) that provides financing to private middle-market companies. The company primarily invests in senior secured loans and other debt instruments, while also making select equity investments. Its portfolio companies generally operate across a range of industries and are typically based in the United States.

FSK is externally managed by FS/KKR Advisor, LLC, a joint venture between FS Investments and KKR. The adviser combines FS Investments’ experience in serving individual and institutional investors with KKR’s global investment platform and private credit capabilities.

The company traces its history to FS Investment Corporation and Corporate Capital Trust, which combined in 2018 to create FS KKR Capital Corp.