FS KKR Capital (NYSE:FSK) Hits New 1-Year High - Here's What Happened

Shares of FS KKR Capital Corp. (NYSE:FSK - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $23.49 and last traded at $23.59, with a volume of 143650 shares trading hands. The stock had previously closed at $23.36.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. 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 research note on Monday, November 18th. JPMorgan Chase & Co. boosted their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, B. Riley cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital presently has an average rating of "Hold" and an average price target of $20.63.

FS KKR Capital Stock Performance

The stock has a fifty day simple moving average of $22.19 and a two-hundred day simple moving average of $20.98. 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 stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 12.73 and a beta of 1.25.

Insider Buying and Selling

In related news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This represents a 11.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders acquired 11,500 shares of company stock valued at $248,910 over the last 90 days. Company insiders own 0.25% of the company's stock.

Institutional Investors Weigh In On FS KKR Capital

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in shares of FS KKR Capital by 32.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,317 shares of the company's stock worth $204,000 after purchasing an additional 2,509 shares in the last quarter. Creative Planning boosted its holdings in FS KKR Capital by 1.1% in the third quarter. Creative Planning now owns 97,849 shares of the company's stock worth $1,931,000 after acquiring an additional 1,041 shares in the last quarter. Calton & Associates Inc. grew its stake in FS KKR Capital by 92.5% in the third quarter. Calton & Associates Inc. now owns 45,035 shares of the company's stock valued at $889,000 after acquiring an additional 21,646 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of FS KKR Capital during the third quarter valued at approximately $7,290,000. Finally, Private Advisor Group LLC increased its holdings in shares of FS KKR Capital by 4.1% during the third quarter. Private Advisor Group LLC now owns 894,704 shares of the company's stock valued at $17,653,000 after acquiring an additional 35,455 shares in the last quarter. 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.