FS KKR Capital stock hits 52-week low at 14.27 USD

FS KKR Capital Corp’s stock has reached a new 52-week low, closing at 14.27 USD, with InvestingPro data showing the stock is currently trading 41% below its 52-week high of $24.10. This marks a significant downturn for the company, as the stock has seen a 1-year total return of -16.72%. Despite the challenges, the company maintains a substantial 19.38% dividend yield and has consistently paid dividends for 12 consecutive years. The financial services firm, which has been facing market pressures and sector-specific challenges, continues to navigate a volatile economic environment with a healthy current ratio of 2.24. The recent low highlights the ongoing struggles within the broader market and the specific hurdles faced by FS KKR Capital in maintaining investor confidence. According to InvestingPro, technical indicators suggest the stock is in oversold territory, with additional insights available in the comprehensive Pro Research Report covering this $4 billion market cap company.

In other recent news, FS KKR Capital Corp. has completed a $400 million offering of 6.125% unsecured notes due in 2031. The company plans to use the proceeds for general corporate purposes, including potentially repaying existing debt. This offering was conducted under an effective shelf registration statement and involved several underwriters, including BofA Securities and J.P. Morgan Securities. Additionally, Wells Fargo has upgraded FS KKR’s stock from Underweight to Equal Weight, setting a price target of $15.00, citing a more favorable risk-reward balance despite ongoing credit concerns. In contrast, RBC Capital has lowered its price target for FS KKR to $18.00 from $21.00, maintaining a Sector Perform rating. This adjustment follows the company’s second-quarter results and revised net investment income estimates. These developments highlight the mixed analyst sentiment surrounding FS KKR’s financial outlook and investment potential.

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