FS KKR Capital (NYSE:FSK) Reaches New 12-Month Low - Time to Sell?

FS KKR Capital Corp. (NYSE:FSK - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $17.95 and last traded at $18.17, with a volume of 835570 shares trading hands. The stock had previously closed at $19.41.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FSK shares. Keefe, Bruyette & Woods decreased their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday. Wells Fargo & Company downgraded FS KKR Capital from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $21.00 to $19.00 in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price objective 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 research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.70.

FS KKR Capital Trading Up 0.1 %

The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $5.23 billion, a P/E ratio of 9.94 and a beta of 0.98. The firm's 50-day simple moving average is $21.76 and its 200 day simple moving average is $21.46.

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

FS KKR Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 annualized dividend and a yield of 14.98%. FS KKR Capital's payout ratio is 122.49%.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently added to or reduced their stakes in FSK. Van ECK Associates Corp increased its stake in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after buying an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in FS KKR Capital by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company's stock worth $94,989,000 after purchasing an additional 91,192 shares during the last quarter. LPL Financial LLC lifted its position in FS KKR Capital by 3.5% during the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company's stock valued at $77,837,000 after purchasing an additional 119,593 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of FS KKR Capital by 8.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company's stock valued at $30,827,000 after purchasing an additional 106,641 shares during the last quarter. Finally, Transcend Capital Advisors LLC grew its position in shares of FS KKR Capital by 10.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock worth $29,862,000 after buying an additional 128,856 shares during the period. 36.26% of the stock is 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.