FS KKR Capital (NYSE:FSK) Reaches New 12-Month High – What’s Next?

FS KKR Capital Corp. (NYSE:FSK)’s share price hit a new 52-week high on Wednesday . The company traded as high as $23.02 and last traded at $23.01, with a volume of 1216869 shares. The stock had previously closed at $22.79.

Analysts Set New Price Targets

Several brokerages recently issued reports on FSK. Royal Bank of Canada increased their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $20.25.

FS KKR Capital Stock Performance

The company has a 50 day moving average of $21.77 and a 200 day moving average of $20.69. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 12.24 and a beta of 1.24.

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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same period in the prior year, the company posted $0.80 EPS. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased a total of 11,500 shares of company stock valued at $248,910 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the company. McIlrath & Eck LLC lifted its holdings in FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in FS KKR Capital by 164.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after purchasing an additional 3,744 shares during the period. Finally, Sound Income Strategies LLC increased its stake in FS KKR Capital by 14.9% during the third quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after purchasing an additional 1,280 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

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.