FS KKR Capital Corp. (NYSE:FSK) Director Acquires $10,730.00 in Stock

FS KKR Capital Corp. (NYSE:FSK) Director Jerel A. Hopkins purchased 500 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $21.46 per share, for a total transaction of $10,730.00. Following the completion of the acquisition, the director now directly owns 8,642 shares in the company, valued at approximately $185,457.32. This trade represents a 6.14 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

FS KKR Capital Stock Performance

FSK stock traded up $0.01 during trading on Tuesday, reaching $21.45. The company had a trading volume of 1,226,887 shares, compared to its average volume of 1,420,174. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $22.39. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 11.40 and a beta of 1.25. The firm has a 50-day simple moving average of $20.87 and a 200-day simple moving average of $20.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, sell-side analysts expect 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. Stockholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is 136.17%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in FS KKR Capital by 30.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock worth $2,422,000 after purchasing an additional 28,889 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in FS KKR Capital by 3.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 54,282 shares of the company’s stock worth $1,071,000 after acquiring an additional 2,043 shares during the period. Intellectus Partners LLC lifted its holdings in FS KKR Capital by 10.6% during the second quarter. Intellectus Partners LLC now owns 42,888 shares of the company’s stock valued at $876,000 after purchasing an additional 4,098 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in FS KKR Capital by 5.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 511,317 shares of the company’s stock valued at $10,088,000 after buying an additional 24,867 shares in the last quarter. Finally, Williams Financial LLC acquired a new stake in FS KKR Capital in the 2nd quarter worth about $1,642,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have 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 company a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.19.

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.