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

FS KKR Capital Corp. (NYSE:FSK)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.02 and last traded at $23.01, with a volume of 1216869 shares. The stock had previously closed at $22.79.

Analysts Set New Price Targets

A number of research analysts have issued reports on FSK shares. Royal Bank of Canada lifted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price objective 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, the company currently has a consensus rating of “Hold” and an average target price of $20.25.

FS KKR Capital Trading Up 1.9 %

The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The business’s fifty day moving average is $21.80 and its two-hundred day moving average is $20.70. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 12.29 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last released 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 company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same period last year, the firm earned $0.80 EPS. Equities analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the transaction, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders bought 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

Institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp grew its position in shares of FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after buying an additional 673,420 shares during the period. Commonwealth Equity Services LLC boosted its stake in FS KKR Capital by 4.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after acquiring an additional 188,542 shares during the last quarter. International Assets Investment Management LLC grew its holdings in 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 purchasing an additional 3,012,711 shares during the period. Strong Tower Advisory Services increased its stake in FS KKR Capital by 3.5% in the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after purchasing an additional 36,127 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in FS KKR Capital in the second quarter valued at approximately $19,544,000. 36.26% of the stock is owned by institutional investors and hedge funds.

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.