FS KKR Capital Corp. (NYSE:FSK) CEO Sells $3,816,918.84 in Stock

FS KKR Capital Corp. (NYSE:FSK) CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

FS KKR Capital Stock Performance

FSK stock traded up $0.01 on Monday, reaching $19.71. The company’s stock had a trading volume of 1,366,470 shares, compared to its average volume of 1,488,175. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The company has a market capitalization of $5.52 billion, a P/E ratio of 8.23 and a beta of 1.26. The firm has a fifty day moving average of $19.85 and a two-hundred day moving average of $19.64. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 2.26.

FS KKR Capital (NYSE:FSK) last released its earnings results 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. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. During the same period in the prior year, the firm posted $0.78 earnings per share. As a group, analysts predict that FS KKR Capital Corp. will post 2.82 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a $0.70 dividend. The ex-dividend date is Wednesday, September 11th. This represents a yield of 14.6%. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently added to or reduced their stakes in FSK. Summit Securities Group LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $30,000. Ridgewood Investments LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $37,000. Mather Group LLC. acquired a new stake in shares of FS KKR Capital during the 1st quarter valued at $39,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $39,000. Finally, Financial Gravity Asset Management Inc. lifted its position in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after acquiring an additional 1,421 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company lowered their price objective on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, B. Riley reaffirmed a “buy” rating and set a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average 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.