FS KKR Capital (NYSE:FSK) Sets New 12-Month High – Here’s What Happened

FS KKR Capital Corp. (NYSE:FSK) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.48 and last traded at $22.34, with a volume of 1011180 shares trading hands. The stock had previously closed at $22.47.

Analyst Upgrades and Downgrades

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

FS KKR Capital Stock Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market cap of $6.26 billion, a P/E ratio of 11.88 and a beta of 1.24. The business’s 50-day moving average price is $21.63 and its 200-day moving average price is $20.60.

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 business had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson acquired 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the transaction, the insider now directly owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought 11,500 shares of company stock valued at $248,910 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Institutional Trading of FS KKR Capital

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in FS KKR Capital by 27.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock valued at $9,361,000 after buying an additional 102,111 shares in the last quarter. XTX Topco Ltd bought a new position in shares of FS KKR Capital during the second quarter worth $429,000. Thrivent Financial for Lutherans grew its stake in FS KKR Capital by 15.3% during the second quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock valued at $508,000 after acquiring an additional 3,415 shares in the last quarter. ProShare Advisors LLC increased its holdings in FS KKR Capital by 7.4% in the 2nd quarter. ProShare Advisors LLC now owns 42,380 shares of the company’s stock valued at $836,000 after acquiring an additional 2,919 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in FS KKR Capital in the 2nd quarter worth $206,000. Hedge funds and other 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.