Brian Gerson Purchases 5,000 Shares of FS KKR Capital Corp. (NYSE:FSK) Stock

FS KKR Capital Corp. (NYSE:FSK) insider Brian Gerson acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price of $22.08 per share, with a total value of $110,400.00. Following the completion of the purchase, the insider now owns 15,109 shares of the company’s stock, valued at $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

FS KKR Capital Trading Up 1.1 %

NYSE:FSK opened at $21.53 on Friday. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $22.39. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 11.45 and a beta of 1.25. The business has a fifty day moving average of $20.83 and a 200-day moving average of $20.24. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter in the prior year, the firm posted $0.80 EPS. Equities analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is presently 136.17%.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fountainhead AM LLC boosted its stake in FS KKR Capital by 9.8% during the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after buying an additional 71,644 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of FS KKR Capital by 30.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock valued at $2,422,000 after purchasing an additional 28,889 shares in the last quarter. Naviter Wealth LLC boosted its position in shares of FS KKR Capital by 83.9% during the 2nd quarter. Naviter Wealth LLC now owns 241,489 shares of the company’s stock valued at $4,916,000 after purchasing an additional 110,191 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after purchasing an additional 39,086 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of FS KKR Capital by 58.3% during the 2nd quarter. Private Advisor Group LLC now owns 859,249 shares of the company’s stock valued at $16,953,000 after purchasing an additional 316,615 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FSK. Royal Bank of Canada upped their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and a consensus price target of $20.19.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.