FS KKR Capital (NYSE:FSK) Reaches New 52-Week High – Here’s Why

FS KKR Capital Corp. (NYSE:FSK) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.02 and last traded at $23.01, with a volume of 1216869 shares changing hands. The stock had previously closed at $22.79.

Analysts Set New Price Targets

FSK has been the subject of several recent analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and an average target price of $20.25.

FS KKR Capital Stock Up 1.9 %

The firm has a market cap of $6.47 billion, a PE ratio of 12.29 and a beta of 1.24. 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 business has a fifty day moving average price of $21.80 and a two-hundred day moving average price of $20.70.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the previous year, the company posted $0.80 EPS. On average, analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 11,500 shares of company stock worth $248,910 over the last ninety days. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fountainhead AM LLC increased its stake in shares of FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after purchasing an additional 71,644 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of FS KKR Capital by 86.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after buying an additional 104,016 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of FS KKR Capital by 18.1% in the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after acquiring an additional 39,086 shares during the period. Graypoint LLC grew its stake in shares of FS KKR Capital by 23.1% in the fourth quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after acquiring an additional 26,174 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after acquiring an additional 3,012,711 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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.