FS KKR Capital (NYSE:FSK) Sets New 1-Year High – Should You Buy?

FS KKR Capital Corp. (NYSE:FSK)’s stock price reached a new 52-week high on Thursday . The company traded as high as $22.48 and last traded at $22.34, with a volume of 1011180 shares traded. The stock had previously closed at $22.47.

Analyst Ratings Changes

FSK has been the subject of several research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. B. Riley cut 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 research note on Wednesday, December 11th. Finally, Royal Bank of Canada lifted 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 report on Monday, November 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.25.

FS KKR Capital Price Performance

The stock has a market cap of $6.26 billion, a PE ratio of 11.88 and a beta of 1.24. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The business’s 50-day simple moving average is $21.63 and its 200-day simple moving average is $20.60.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million for the quarter, compared to analyst estimates 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 period last year, the company earned $0.80 EPS. On average, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Gerson acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of $22.08 per share, with a total value of $110,400.00. Following the transaction, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. This represents a 49.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 11,500 shares of company stock worth $248,910 in the last three months. 0.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently modified their holdings of the stock. Wescott Financial Advisory Group LLC boosted its stake in FS KKR Capital by 2.9% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after purchasing an additional 600 shares in the last quarter. McIlrath & Eck LLC lifted its stake in shares of 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 in the last quarter. Perigon Wealth Management LLC lifted its stake in shares of FS KKR Capital by 5.0% in the fourth quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company’s stock worth $321,000 after buying an additional 689 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of FS KKR Capital by 0.8% during the third quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after buying an additional 935 shares during the last quarter. Finally, Souders Financial Advisors increased its position in shares of FS KKR Capital by 3.9% during the second quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock valued at $497,000 after acquiring an additional 950 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

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.