FS KKR Capital (NYSE:FSK) Reaches New 1-Year High – Still a Buy?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research report on Wednesday, December 11th. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada upped their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.25.

FS KKR Capital Trading Up 0.3 %

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 capitalization of $6.23 billion, a P/E ratio of 11.82 and a beta of 1.24. The business has a 50 day moving average price of $21.55 and a 200 day moving average price of $20.55.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the prior year, the business posted $0.80 EPS. Analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by corporate insiders.

Institutional Trading of FS KKR Capital

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of FS KKR Capital in the second quarter valued at about $19,544,000. Legacy Investment Solutions LLC bought a new stake in FS KKR Capital during the third quarter worth about $7,830,000. Flagship Harbor Advisors LLC acquired a new position in FS KKR Capital during the third quarter valued at approximately $7,290,000. Finally, Van ECK Associates Corp grew its stake in FS KKR Capital by 6.6% in the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after purchasing an additional 356,704 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

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.