Insider Buying: FS KKR Capital Corp. (NYSE:FSK) Director Acquires 500 Shares of Stock

FS KKR Capital Corp. (NYSE:FSK) Director Jerel A. Hopkins purchased 500 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was acquired at an average price of $21.46 per share, for a total transaction of $10,730.00. Following the transaction, the director now owns 8,642 shares of the company’s stock, valued at $185,457.32. The trade was a 6.14 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FS KKR Capital Stock Up 0.1 %

NYSE:FSK opened at $21.36 on Friday. 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 $5.98 billion, a price-to-earnings ratio of 11.36 and a beta of 1.25. 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 business’s fifty day moving average price is $20.96 and its 200 day moving average price is $20.27.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, sell-side 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 business 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. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is 136.17%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FSK shares. Royal Bank of Canada lifted their target price on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research note on Wednesday. Finally, Wells Fargo & Company reaffirmed 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. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.25.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently modified their holdings of FSK. Summit Securities Group LLC purchased a new stake in shares of FS KKR Capital during the second quarter worth $30,000. Ridgewood Investments LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at about $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at about $39,000. McIlrath & Eck LLC grew its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after buying an additional 675 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. increased its holdings in FS KKR Capital by 198.7% in the second 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 during the last quarter. 36.26% of the stock is currently owned by hedge funds and other 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.