Brian Gerson Buys 5,000 Shares of FS KKR Capital Corp. (NYSE:FSK) Stock

FS KKR Capital Corp. (NYSE:FSK) insider Brian Gerson purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $22.08 per share, with a total value of $110,400.00. Following the purchase, the insider now owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FS KKR Capital Stock Down 0.3 %

Shares of NYSE:FSK opened at $21.30 on Friday. The business’s 50 day simple moving average is $20.80 and its two-hundred day simple moving average is $20.23. The firm has a market cap of $5.97 billion, a P/E ratio of 11.33 and a beta of 1.25. 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 Corp. has a 52-week low of $18.31 and a 52-week high of $22.39.

FS KKR Capital (NYSE:FSK) last posted its earnings results 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 return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter last year, the company earned $0.80 earnings per share. As a group, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

Institutional Trading of FS KKR Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC purchased a new stake in shares of FS KKR Capital during the second quarter valued at approximately $30,000. Ridgewood Investments LLC purchased a new stake in shares of FS KKR Capital during the second quarter valued at approximately $37,000. Rothschild Investment LLC purchased a new stake in FS KKR Capital in the second quarter worth $39,000. McIlrath & Eck LLC increased its position in FS KKR Capital by 47.5% in 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% in 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. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank of Canada upped their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. 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. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average price target of $20.19.

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.