FS KKR Capital Corp. (NYSE:FSK) Insider Buys $106,550.00 in Stock

FS KKR Capital Corp. (NYSE:FSK) insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now owns 49,800 shares of the company’s stock, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $21.54 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $6.03 billion, a PE ratio of 11.46 and a beta of 1.25. The company has a 50 day moving average of $20.83 and a 200-day moving average of $20.24. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $22.39.

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

FS KKR Capital Increases Dividend

The firm also recently announced 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 an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. This represents a yield of 12.7%. FS KKR Capital’s payout ratio is presently 136.17%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FSK shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Royal Bank of Canada increased their price target on 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. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.19.

Institutional Investors Weigh In On FS KKR Capital

Hedge funds have recently made changes to their positions in the stock. Summit Securities Group LLC acquired a new position in FS KKR Capital during the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new position in shares of FS KKR Capital during the second quarter worth $37,000. Rothschild Investment LLC bought a new position in shares of FS KKR Capital in the 2nd quarter valued at $39,000. McIlrath & Eck LLC boosted its holdings in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. grew its position in FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after acquiring an additional 1,421 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

About FS KKR Capital

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.