FS KKR Capital Corp. (NYSE:FSK - Get Free Report) Director Jerel A. Hopkins acquired 500 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $21.46 per share, for a total transaction of $10,730.00. Following the purchase, the director now directly owns 8,642 shares in the company, valued at $185,457.32. This trade represents a 6.14 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
FS KKR Capital Stock Performance
Shares of FS KKR Capital stock opened at $21.46 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock's 50-day moving average is $20.90 and its 200-day moving average is $20.26. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 11.41 and a beta of 1.25. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $22.39.
FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.80 earnings per share. Equities analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.
FS KKR Capital Increases Dividend
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The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is an increase from FS KKR Capital's previous None dividend of $0.64. FS KKR Capital's payout ratio is currently 136.17%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on FSK. Royal Bank of Canada lifted their price target on 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. Wells Fargo & Company restated an "equal weight" rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.19.
Read Our Latest Stock Report on FSK
Institutional Trading of FS KKR Capital
A number of hedge funds and other institutional investors have recently modified their holdings of FSK. Summit Securities Group LLC acquired a new stake in shares of FS KKR Capital in the second quarter valued at about $30,000. Ridgewood Investments LLC acquired a new position in FS KKR Capital during the second quarter worth approximately $37,000. Rothschild Investment LLC acquired a new position in FS KKR Capital during the second quarter worth approximately $39,000. McIlrath & Eck LLC increased its position in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock worth $41,000 after buying an additional 675 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. increased its position in FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company's stock worth $42,000 after buying an additional 1,421 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.
FS KKR Capital Company Profile
(
Get Free Report)
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.
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