FS KKR Capital (NYSE:FSK) Hits New 52-Week High – Time to Buy?

FS KKR Capital Corp. (NYSE:FSK)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $23.49 and last traded at $23.59, with a volume of 143650 shares changing hands. The stock had previously closed at $23.36.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FSK shares. 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 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 target price for the company. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.63.

FS KKR Capital Price Performance

The company’s fifty day moving average is $22.06 and its 200 day moving average is $20.91. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 12.58 and a beta of 1.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares of the company’s stock, valued at $1,061,238. The trade was a 11.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have bought 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by corporate insiders.

Institutional Trading of FS KKR Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSK. International Assets Investment Management LLC raised its position 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 worth $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in FS KKR Capital during the fourth quarter worth $17,608,000. Van ECK Associates Corp raised its position in FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Transce3nd LLC bought a new stake in FS KKR Capital during the fourth quarter worth $11,173,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of FS KKR Capital in the third quarter valued at about $7,830,000. 36.26% of the stock is owned by institutional investors.

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.