FS KKR Capital Corp. (NYSE:FSK) Insider Acquires $96,050.00 in Stock

FS KKR Capital Corp. (NYSE:FSK) insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at $860,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

FS KKR Capital Price Performance

Shares of NYSE:FSK traded up $0.08 on Monday, hitting $20.09. The company’s stock had a trading volume of 980,892 shares, compared to its average volume of 1,458,316. The company has a 50-day simple moving average of $19.94 and a 200 day simple moving average of $19.62. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. The company has a market capitalization of $5.63 billion, a PE ratio of 8.41 and a beta of 1.26. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same period last year, the company earned $0.78 EPS. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.64 per share. This represents a yield of 13.33%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s payout ratio is 106.67%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FSK. Summit Securities Group LLC purchased a new position in shares of FS KKR Capital in the second quarter worth $30,000. Ridgewood Investments LLC purchased a new position in shares of FS KKR Capital in the second quarter worth $37,000. Mather Group LLC. purchased a new stake in FS KKR Capital during the first quarter valued at $39,000. Rothschild Investment LLC purchased a new stake in FS KKR Capital during the second quarter valued at $39,000. Finally, Financial Gravity Asset Management Inc. grew its holdings in FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FSK. Wells Fargo & Company lowered their price target on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.06.

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.