FS KKR Capital Corp. (NYSE:FSK) Director Acquires $21,230.00 in Stock

FS KKR Capital Corp. (NYSE:FSK) Director Elizabeth Sandler bought 1,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $21.23 per share, for a total transaction of $21,230.00. Following the completion of the purchase, the director now owns 7,700 shares of the company’s stock, valued at approximately $163,471. This trade represents a 14.93 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

FS KKR Capital Trading Down 0.3 %

Shares of FSK stock opened at $21.30 on Friday. The company has a market capitalization of $5.97 billion, a PE ratio of 11.33 and a beta of 1.25. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $22.39. The business’s fifty day moving average is $20.80 and its 200 day moving average is $20.23. 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 released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $423.58 million. During the same quarter last year, the firm posted $0.80 EPS. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday. Royal Bank of Canada raised their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.19.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter worth $30,000. Ridgewood Investments LLC purchased a new stake in FS KKR Capital during the second quarter valued at about $37,000. Rothschild Investment LLC purchased a new stake in FS KKR Capital during the second quarter valued at about $39,000. McIlrath & Eck LLC lifted its stake in 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. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after purchasing an additional 1,421 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.