FS KKR Capital Corp. (NYSE:FSK - Get Free Report) insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $11.25 per share, with a total value of $56,250.00. Following the acquisition, the insider owned 64,800 shares in the company, valued at approximately $729,000. This represents a 8.36% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
FS KKR Capital Stock Up 0.6%
Shares of NYSE:FSK opened at $10.86 on Tuesday. 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 Corp. has a 1 year low of $10.28 and a 1 year high of $23.84. The stock's fifty day moving average price is $13.83 and its 200-day moving average price is $15.16.
FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate 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 business had revenue of $348.00 million during the quarter, compared to the consensus estimate of $361.59 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.
FS KKR Capital Dividend Announcement
The business also recently declared a special dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 18th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, March 18th. This represents a dividend yield of 1,595.0%. FS KKR Capital's payout ratio is currently 8,533.33%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on FSK shares. Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $15.00 to $11.00 and set an "equal weight" rating on the stock in a report on Friday. Keefe, Bruyette & Woods decreased their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a "market perform" rating for the company in a research note on Monday. Weiss Ratings restated a "hold (c-)" rating on shares of FS KKR Capital in a research note on Thursday, January 22nd. Wall Street Zen lowered FS KKR Capital from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Zacks Research upgraded FS KKR Capital from a "strong sell" rating to a "hold" rating in a research report on Wednesday, December 10th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $16.00.
View Our Latest Research Report on FSK
Hedge Funds Weigh In On FS KKR Capital
Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in FS KKR Capital by 55,074.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,741,004 shares of the company's stock valued at $114,644,000 after purchasing an additional 7,726,974 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of FS KKR Capital by 0.7% in the second quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company's stock worth $89,514,000 after buying an additional 28,619 shares during the period. Van ECK Associates Corp raised its stake in shares of FS KKR Capital by 2.4% in the fourth quarter. Van ECK Associates Corp now owns 4,083,940 shares of the company's stock worth $60,484,000 after buying an additional 94,262 shares during the period. UBS Group AG lifted its position in shares of FS KKR Capital by 15.3% during the 4th quarter. UBS Group AG now owns 3,806,076 shares of the company's stock valued at $56,368,000 after buying an additional 505,982 shares in the last quarter. Finally, Oak Hill Advisors LP bought a new position in shares of FS KKR Capital during the 4th quarter valued at approximately $38,659,000. 36.26% of the stock is owned by institutional investors.
FS KKR Capital Company Profile
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Get Free Report)
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.
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