FS KKR Capital (NYSE:FSK) Sets New 52-Week High – Here’s What Happened

FS KKR Capital Corp. (NYSE:FSK) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.10 and last traded at $24.05, with a volume of 1258176 shares trading hands. The stock had previously closed at $23.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FSK shares. Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $20.63.

FS KKR Capital Trading Up 0.4 %

The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 12.79 and a beta of 1.25. 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 company’s 50 day simple moving average is $22.29 and its two-hundred day simple moving average is $21.04.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the acquisition, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders purchased 11,500 shares of company stock valued at $248,910. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of FS KKR Capital in the fourth quarter worth $33,000. Fourth Dimension Wealth LLC purchased a new position in shares of FS KKR Capital during the fourth quarter worth $33,000. McIlrath & Eck LLC raised its holdings in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after purchasing an additional 1,554 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of FS KKR Capital during the fourth quarter worth $52,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.