FS KKR Capital Corp. (NYSE:FSK - Get Free Report)'s stock price reached 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.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Wells Fargo & Company restated an "equal weight" rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley downgraded FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price target on 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 equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.25.
View Our Latest Stock Analysis on FSK
FS KKR Capital Stock Up 1.1 %
The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 12.42 and a beta of 1.24. The business's 50-day moving average is $21.86 and its 200-day moving average is $20.74. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.
FS KKR Capital (NYSE:FSK - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts' expectations of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.
Insiders Place Their Bets
In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the acquisition, the insider now directly owns 49,800 shares of the company's stock, valued at $1,061,238. This represents a 11.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On FS KKR Capital
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of 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 valued at $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Van ECK Associates Corp boosted its position in FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after buying an additional 673,420 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of FS KKR Capital in the 3rd quarter valued at $7,830,000. Flagship Harbor Advisors LLC bought a new stake in shares of FS KKR Capital during the third quarter worth $7,290,000. Finally, Strategic Financial Concepts LLC lifted its stake in shares of FS KKR Capital by 2,029.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock valued at $6,593,000 after acquiring an additional 289,278 shares during the period. Institutional investors and hedge funds own 36.26% of the company's stock.
FS KKR Capital Company Profile
(
Get Free Report)
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.
Further Reading
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