Ruggie Capital Group Takes Position in FS KKR Capital Corp (NYSE:FSK)
Ruggie Capital Group acquired a new stake in FS KKR Capital Corp (NYSE:FSK) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 81,903 shares of the company’s stock, valued at approximately $488,000. FS KKR Capital accounts for 0.8% of Ruggie Capital Group’s investment portfolio, making the stock its 22nd biggest holding.
Other large investors have also made changes to their positions in the company. PFG Advisors acquired a new position in FS KKR Capital during the 2nd quarter worth approximately $211,000. Heritage Wealth Advisors acquired a new position in FS KKR Capital during the 2nd quarter worth approximately $99,000. Ausdal Financial Partners Inc. acquired a new position in FS KKR Capital during the 2nd quarter worth approximately $787,000. National Asset Management Inc. acquired a new position in FS KKR Capital during the 2nd quarter worth approximately $854,000. Finally, CIBC Asset Management Inc acquired a new position in FS KKR Capital during the 2nd quarter worth approximately $61,000. 29.14% of the stock is currently owned by institutional investors.
FSK has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price objective for the company in a report on Friday, August 9th. National Securities reissued a “buy” rating and set a $10.00 price objective on shares of FS KKR Capital in a report on Monday, May 13th. Raymond James assumed coverage on FS KKR Capital in a report on Wednesday, June 5th. They set a “market perform” rating and a $6.01 price objective for the company. ValuEngine lowered FS KKR Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 23rd. Finally, Zacks Investment Research raised FS KKR Capital from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.38.
NYSE FSK remained flat at $$5.79 on Wednesday. The company’s stock had a trading volume of 832,943 shares, compared to its average volume of 2,064,000. The stock’s 50 day simple moving average is $5.91 and its two-hundred day simple moving average is $6.14. FS KKR Capital Corp has a 1-year low of $5.09 and a 1-year high of $7.74. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 2.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.25 and a quick ratio of 2.25.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. FS KKR Capital had a return on equity of 8.66% and a net margin of 12.11%. The business had revenue of $199.00 million during the quarter, compared to analyst estimates of $194.84 million. On average, analysts forecast that FS KKR Capital Corp will post 0.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 13.14%. The ex-dividend date of this dividend is Tuesday, September 17th. FS KKR Capital’s dividend payout ratio (DPR) is 89.41%.
FS KKR Capital 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.
Further Reading: Return on Equity (ROE)
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