FS KKR Capital Corp stock hits 52-week low at 14.87 USD

FS KKR Capital Corp stock reached a new 52-week low, trading at $14.87, with a market capitalization of $4.18 billion. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions, while analyst price targets range from $15 to $24. This milestone marks a significant point for the company, as its stock has experienced a notable decline over the past year. Despite the 24.79% decrease, the company maintains an impressive 18.75% dividend yield and has sustained dividend payments for 12 consecutive years. InvestingPro subscribers can access 8 additional key insights about FSK’s financial health and market position. This downturn may prompt further analysis and strategic adjustments as the company navigates the current market conditions, with particular attention to its strong liquidity position, as current assets exceed short-term obligations with a current ratio of 2.24.

In other recent news, FS KKR Capital Corp. completed a $400 million offering of 6.125% unsecured notes due in 2031. The company plans to use the net proceeds for general corporate purposes, which may include repaying outstanding indebtedness. The offering was conducted under an effective shelf registration statement and involved several underwriters, including BofA Securities, BMO Capital Markets, and J.P. Morgan Securities. Additionally, FS KKR Capital’s shareholders approved a proposal to allow the company to issue shares below net asset value in future offerings. In another development, RBC Capital has lowered its price target for FS KKR to $18 from $21, maintaining a Sector Perform rating. The adjustment follows FS KKR’s second-quarter results and revised net investment income estimates. These recent developments highlight FS KKR Capital’s strategic financial maneuvers and market evaluations.

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