To read this article on Zacks.com click here. The relentless forward march has continued during the pandemic, too, with shares up by 107% year-to-date.However, one top Wall Street analyst is standing firmly on the sidelines. Titan Pharmaceuticals, Inc. (NASDAQ:TTNP) — 1 for 30 Reverse Split. Phone 1 215 495-1150. Announces Further Detail on Expected Reverse Stock Split FS KKR Capital Corp. (FSK - Free Report) expects to implement a reverse stock split, approved by the board of directors on May 26, on or around June 15. Here’s how to prepare. In fact, it will not result in a change in the authorized number of shares of the company's common stock.All shareholders will be affected uniformly from the reverse stock split. FS KKR Capital Corp. II to List on the NYSE Next Month, Announces Reverse Stock Split. FS KKR Capital (FSK) expects to implement a reverse stock split effective on or around Jun 15, 2020. It currently carries a Zacks Rank #2 (Buy). A reverse stock split is a management decision in which a company reduces the total number of its outstanding shares, increases the price, and increases the face value of the stock. The amount of each per share distribution has been retroactively adjusted to reflect the Reverse Stock Split. "Essentially, as telecommunications have gotten better, as the face-to-face [contact] has become not quite so important, we've seen this dispersion of financial firms.". Stock Splits By The Online Investor Staff, updated Sat., Dec. 12, 7:43 AM. The announcement is the latest example of the finance sector embracing flexible working. There can be no assurance as to the amount or timing of any such future distributions. FS KKR Capital (FSK) expects to implement a reverse stock split effective on or around Jun 15, 2020. The amount of each per share distribution has been retroactively adjusted to reflect the Reverse Stock Split. The company primarily targets the mid- to high-end segment in China's passenger vehicle market, with prices ranging from $23,000 to $45,000. For trading purposes, the reverse stock split is likely to become effective on Jun 16. GCAP: 6.04 (-0.82%) WTBA: 17.20 (+4.88%) MBIN: 19.69 (+3.74%) FSK: 16.46 (+2.62%) FS KKR Capital Corp. Learn more today about receiving stock and market data through APIs. There’s a megatrend emerging in capital markets right now that will change the course of investing for years to come. Tesla stock rose as Nio stock fell. Co.'s investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. FSK … PRNewsWire - 5 months ago FS KKR Capital Corp. And just for contrast, we’ve included one that JPMorgan says to avoid. PHILADELPHIA, June 15, 2020 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK), a leading publicly traded business development company focused on providing customized credit … ... Do the numbers hold clues to what lies ahead for the stock? "Xpeng continues to meet and exceed production goals and appear to have great expense control," said one reader. This is based on 6 Buys, 4 Holds, and 4 Sells. Some experts say we’re in “the golden age of biotechnology.” Scientific advances are opening up possibilities for the treatment and prevention of..... Marko Kolanovic, the well-known quant strategist with JPMorgan, sees a positive feedback loop forming that will drive the markets higher next year. FSK Dividend Date: 1/5/2021: FSK Annual Dividend: $2.40: FSK Dividend Yield: 12.70%: FSK Three Year Dividend Growth: 0.00%: FSK Payout Ratio: 75.00% (Trailing 12 Months of Earnings) 90.23% (Based on This Year's Estimates) 95.24% (Based on Next Year's Estimates) 70.35% (Based on Cash Flow) FSK … 3) See FSK's quarterly report on Form 10-Q for the three months ended September 30, 2020 for a description of FSK… Yahoo on nyt osa Verizon Mediaa. Announces Further Detail on Expected Reverse Stock Split PR Newswire PHILADELPHIA, June 5, 2020 PHILADELPHIA, June 5, 2020 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK… The reverse stock split is expected to be effective for trading purposes on June 16, 2020. FSK Quick Quote FSK … On June 10, 2020, FSKR effected a 4 to 1 reverse split of its shares of common stock. (See DLTR stock analysis on TipRanks)Mohawk Industries (MHK)As a source of employment, and as an indicator of underlying economic health, few industries get as much attention as home building. FSK | Complete FS KKR Capital Corp. stock news by MarketWatch. It is the total opposite of Forward Stock Split. Wed, Jun 3, 9:01 AM: FSK Announces Closing of $124 Million Fund Established to Purchase Company Stock. Kolanovic believes that a decline in volatility and favorable monetary policies will combine to make stocks the go-to investment for 2021, fueling further market gains. •In anticipation of the listing, the Fund intends to effect a 4 -to 1 reverse split of its shares of common stock. The company pays out 70 cents per common share, and has done so consistently for the past five quarters. 1 The timing and amount of any future distributions on FSK’s shares of common stock are subject to applicable legal restrictions and the sole discretion of its board of directors. FS KKR Capital Corp. FSK expects to implement a reverse stock split, approved by the board of directors on May 26, on or around June 15. FS KKR Capital Corp. FSK expects to implement a reverse stock split, approved by the board of directors on May 26, on or around June 15. The … Wall Street is set to lose its last bank after Deutsche Bank revealed plans to move its Manhattan office. This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults 18 or older.Opting into the survey was completely voluntary, with no incentives offered to potential respondents. There can be no … Effective as of June 15, 2020, FSK completed a 4-to-1 reverse stock split of its shares of common stock (the FSK Reverse Stock Split). Financial and Operating Highlights for the Quarter Ended June 30, 2020 (1) FSK Stock Risk This stock has average movements during a day and with good trading volume, the risk is considered to be medium. Please see the "Historical Prices" tab for adjusted price values. Prices shown are actual historical values and are not adjusted for either splits or dividends. Hold) rating on AMD shares along with a $75 price target. Option Trader Bets $1.3M On AMD As Stock Approaches All-Time High, China EV 'Arms Race' Ramps Up As Nio Raises $2.7 Billion. FS KKR Capital Corp. II to List on the NYSE Next Month, Announces Reverse Stock Split. Get the latest market performance data for the FS KKR Capital Corp stock (Ticker: FSK) on the New York Stock Exchange. Northland analyst Gus Richard believes the Street’s CY21 estimates for AMD are simply too high.“We normally model to be in-line with consensus but can't get there in the case of our AMD's CY21 estimates,” the 5-star analyst said. The content is intended to be used for informational purposes only. Buy), and sets a $130 price target, indicating confidence in a 20.5% upside potential. It’s been a year of fear for many Americans. Announces Further Detail on Expected Reverse … Xpeng trades at $46.80 at time of publication, off the 52-week low of $17XPeng Stock Forecast Xpeng is one of China's leading smart electric vehicles, or Smart EV, companies. Further, the company’s shares have gained 47.8% over the past six months. Zacks. FSK Dividend History & Description — FS KKR Capital Corp. FS KKR Capital is an externally managed, non-diversified, closed-end management investment company. If the share price of a security gets too high, a company can perform a stock split by issuing all shareholders an extra share, thereby halving the price of an individual share. 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(To watch Juneja’s track record, click here)Backing his bearish stance, Juneja sees several key points, including: "1) [Northern Trust's] P/E premium to trust bank peers is almost two standard deviations above its long term average premium, despite sharp narrowing in revenue growth versus peers; 2) Northern is more vulnerable to money market fund outflows than peers - its disclosed institutional asset management money market fund AUM is declining faster in 4Q, down 7% thus far; 3) Northern has had very little institutional money market fee waivers thus far, but they are likelyto rise..."All in all, the market’s current view on NTRS is a mixed bag, indicating uncertainty as to its prospects. This is versus 3 Holds and 3 Sells. Portfolio. Shareholders of record who were otherwise entitled to receive fractional shares would instead be paid cash on the basis of the closing price of the company's common stock as reported on the effective date of the amendment to the company's charter affecting the reverse split.The Depository Trust Company will act as the exchange agent and DST Systems, Inc. will be the transfer agent for the reverse split.FS KKR Capital is a publicly traded business development company, which focuses on providing customized credit solutions to private middle market companies in the United States.Notably, as disclosed previously, the company’s board of directors announced a cash distribution of 15 cents per share, to be paid on or about Jul 2, to shareholders of record as of Jun 17.However, the amount that will be paid on Jul 2 will instead be 60 cents per share (the aggregate amount that would have been paid on four shares prior to the reverse stock split).Shares of FS KKR Capital have lost 34.4% so far this year compared with the industry’s decline of 25%.Currently, the company carries a Zacks Rank #3 (Hold).A few better-ranked stocks from the finance space are mentioned below.Merchants Bancorp’s MBIN current-year earnings estimates have moved upward by 11.9% over the past 60 days. “It may-be the case we have a faulty assumption but we still can't find it. May 28, 2020. As a result, the Company's common stock will commence trading on the New York Stock Exchange (NYSE) on a split-basis on June 16, 2020. Earnings followed the same pattern, rising from a Q2 trough to hit an EPS of $3.26 in Q3, the highest in more than 2 years.JPM analyst Michael Rehaut is impressed with Mohawk’s recent performance, enough to upgrade his stance on the stock. With a reverse stock split, you end up owning fewer shares but each share is worth more that the original. What are the details of the announced reverse stock split? The stock has appreciated 5.8% over the past six months.