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

FS KKR Capital Corp. (NYSE:FSK) insider Daniel Pietrzak purchased 5,000 shares of the business’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 purchase, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

FS KKR Capital Trading Up 1.1 %

FSK stock traded up $0.24 during trading on Friday, reaching $21.54. 1,593,628 shares of the stock were exchanged, compared to its average volume of 1,421,239. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $22.39. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 11.33 and a beta of 1.25. The business has a 50 day moving average price of $20.80 and a 200-day moving average price of $20.23. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period last year, the firm earned $0.80 earnings per share. On average, research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. This represents a yield of 12.7%. 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. FS KKR Capital’s dividend payout ratio is currently 136.17%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FSK. Royal Bank of Canada increased their target price 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. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday. Seven investment 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, the stock has a consensus rating of “Hold” and a consensus target price of $20.19.

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors have recently made changes to their positions in FSK. Summit Securities Group LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new stake in FS KKR Capital in the second quarter valued at $37,000. Rothschild Investment LLC purchased a new position in shares of FS KKR Capital in the second quarter valued at $39,000. McIlrath & Eck LLC raised its stake 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 worth $41,000 after buying an additional 675 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its position 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 buying an additional 1,421 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.