FS KKR Capital (NYSE:FSK) Reaches New 1-Year High – What’s Next?

Shares of FS KKR Capital Corp. (NYSE:FSK) reached a new 52-week high on Friday . The company traded as high as $22.40 and last traded at $22.35, with a volume of 361730 shares changing hands. The stock had previously closed at $22.16.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Royal Bank of Canada raised 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. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.25.

FS KKR Capital Price Performance

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 company has a market cap of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24. The firm has a 50 day moving average of $21.58 and a two-hundred day moving average of $20.57.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 EPS 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 business had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same period last year, the business posted $0.80 EPS. Research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost 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 of the company’s stock, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 11,500 shares of company stock valued at $248,910 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC raised its stake in shares of FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of FS KKR Capital during the second quarter worth $19,544,000. Legacy Investment Solutions LLC acquired a new position in shares of FS KKR Capital during the third quarter worth $7,830,000. Flagship Harbor Advisors LLC acquired a new position in shares of FS KKR Capital during the third quarter worth $7,290,000. Finally, Van ECK Associates Corp grew its holdings in shares of FS KKR Capital by 6.6% during the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after buying an additional 356,704 shares during the last quarter. 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.