FS KKR Capital (NYSE:FSK) Reaches New 12-Month High – Should You Buy?

FS KKR Capital Corp. (NYSE:FSK)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $21.25 and last traded at $21.22, with a volume of 552007 shares changing hands. The stock had previously closed at $21.01.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FSK shares. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company decreased their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.94.

FS KKR Capital Stock Up 0.7 %

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 firm has a market cap of $5.92 billion, a PE ratio of 11.29 and a beta of 1.25. The stock has a fifty day moving average price of $20.13 and a 200-day moving average price of $19.98.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (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 previous year, the business earned $0.80 EPS. Research analysts expect that FS KKR Capital Corp. will post 2.88 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s payout ratio is 136.17%.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FSK. Janney Montgomery Scott LLC grew its stake in shares of FS KKR Capital by 30.0% in the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock worth $1,237,000 after purchasing an additional 14,977 shares in the last quarter. SG Americas Securities LLC bought a new position in FS KKR Capital during the first quarter valued at about $1,122,000. ProShare Advisors LLC boosted its stake in FS KKR Capital by 15.8% during the first quarter. ProShare Advisors LLC now owns 39,461 shares of the company’s stock valued at $753,000 after buying an additional 5,377 shares in the last quarter. Entropy Technologies LP boosted its stake in FS KKR Capital by 14.0% during the first quarter. Entropy Technologies LP now owns 98,267 shares of the company’s stock valued at $1,874,000 after buying an additional 12,053 shares in the last quarter. Finally, Souders Financial Advisors boosted its stake in FS KKR Capital by 19.9% during the first quarter. Souders Financial Advisors now owns 24,259 shares of the company’s stock valued at $463,000 after buying an additional 4,022 shares in the last quarter. 36.26% of the stock is currently 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.