Daniel Pietrzak Purchases 5,000 Shares of FS KKR Capital (NYSE:FSK) Stock

FS KKR Capital Corp. (NYSE:FSK) insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the insider directly owned 64,800 shares in the company, valued at approximately $729,000. This represents a 8.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

FS KKR Capital Stock Up 0.9%

NYSE FSK opened at $10.95 on Wednesday. The business has a 50 day moving average price of $13.76 and a 200 day moving average price of $15.12. FS KKR Capital Corp. has a 1-year low of $10.28 and a 1-year high of $23.07. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.The firm had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $361.59 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. As a group, analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th will be paid a $0.03 dividend. This represents a yield of 1,595.0%. The ex-dividend date of this dividend is Wednesday, March 18th. FS KKR Capital’s dividend payout ratio is presently 8,533.33%.

Analyst Ratings Changes

FSK has been the topic of several recent research reports. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday. Royal Bank Of Canada dropped their price objective on shares of FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, February 27th. Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their price target on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Finally, Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.67.

Institutional Trading of FS KKR Capital

A number of hedge funds have recently bought and sold shares of the company. CFO4Life Group LLC lifted its stake in shares of FS KKR Capital by 3.0% during the 2nd quarter. CFO4Life Group LLC now owns 20,081 shares of the company’s stock worth $417,000 after purchasing an additional 578 shares during the period. Transce3nd LLC increased its stake in FS KKR Capital by 3.5% in the second quarter. Transce3nd LLC now owns 17,426 shares of the company’s stock valued at $362,000 after purchasing an additional 591 shares during the last quarter. Wescott Financial Advisory Group LLC increased its stake in FS KKR Capital by 2.8% in the second quarter. Wescott Financial Advisory Group LLC now owns 22,949 shares of the company’s stock valued at $476,000 after purchasing an additional 615 shares during the last quarter. Aries Wealth Management lifted its position in FS KKR Capital by 3.1% during the third quarter. Aries Wealth Management now owns 23,565 shares of the company’s stock worth $352,000 after buying an additional 700 shares during the period. Finally, Bison Wealth LLC boosted its stake in FS KKR Capital by 3.4% in the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after buying an additional 720 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.