PHILADELPHIA—Jerel A. Hopkins, a director at FS KKR Capital Corp (NYSE:), not too long ago bought 500 shares of the corporate’s frequent inventory. The transaction, which befell on December 6, 2024, was executed at a value of $21.465 per share, amounting to a complete buy worth of $10,732. The acquisition comes as FSK, with a market capitalization of roughly $6 billion, maintains a sturdy dividend yield of ~13.5% and has proven sturdy efficiency with a 24% year-to-date return. Based on InvestingPro, FSK has maintained dividend funds for 11 consecutive years.
Following this acquisition, Hopkins holds a complete of 8,642.418 shares, which incorporates shares acquired via FS KKR Capital Corp’s dividend reinvestment plan. The shares are owned not directly via an Particular person Retirement Account (IRA). The corporate demonstrates sturdy monetary well being with a present ratio of two.82, indicating strong liquidity. InvestingPro evaluation reveals 8 extra key insights about FSK’s monetary place and development prospects, accessible to subscribers.
In different current information, FS KKR Capital Corp reported sturdy third-quarter earnings, with internet funding earnings surpassing expectations at $0.77 per share and an adjusted internet funding earnings of $0.74 per share. The corporate has additionally secured a $600 million underwriting settlement for the issuance and sale of notes, because of mature in 2030, with a consortium of underwriters led by varied monetary companies. Nevertheless, Wells Fargo (NYSE:) downgraded FS KKR’s inventory from Obese to Equal Weight because of issues over valuation and credit score threat.
RBC Capital Markets maintained a Sector Carry out score on FS KKR whereas elevating the value goal to $21. This follows a evaluate of the corporate’s earnings per share estimates subsequent to their third-quarter outcomes. The analyst from RBC Capital famous the corporate’s energetic discount of non-accruals inside its portfolio, which is a optimistic signal.
Regardless of a slight lower within the internet asset worth per share from $23.95 to $23.82, FS KKR Capital Corp anticipates a GAAP internet funding earnings of about $0.63 per share for the fourth quarter. These are current developments that buyers ought to think about when evaluating FS KKR Capital Corp’s efficiency and prospects.
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