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

FS KKR Capital Corp. (NYSE:FSK)’s stock price 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 changing hands. The stock had previously closed at $22.16.

Analysts Set New Price Targets

Several research firms have recently issued reports on FSK. Royal Bank of Canada increased their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. B. Riley downgraded shares of 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. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.25.

FS KKR Capital Price Performance

The company’s 50-day simple moving average is $21.58 and its 200 day simple moving average is $20.57. The company has a market cap of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24. 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 (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same period last year, the business earned $0.80 EPS. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after acquiring an additional 675 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the 4th quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after acquiring an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after acquiring an additional 3,744 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in FS KKR Capital by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after acquiring an additional 1,280 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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.