Insider Buying: FS KKR Capital (NYSE:FSK) Insider Buys 10,000 Shares of Stock

FS KKR Capital Corp. (NYSE:FSK) insider Daniel Pietrzak purchased 10,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the purchase, the insider directly owned 59,800 shares in the company, valued at $905,970. This represents a 20.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

FS KKR Capital Stock Performance

Shares of NYSE:FSK traded up $0.12 on Monday, hitting $15.35. 2,678,716 shares of the company were exchanged, compared to its average volume of 1,981,807. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 1-year low of $14.05 and a 1-year high of $24.10. The stock’s 50 day moving average price is $15.71 and its 200 day moving average price is $18.76.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The company had revenue of $373.00 million during the quarter, compared to analyst estimates of $374.89 million. During the same quarter last year, the business posted $0.74 EPS. Equities analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 16.7%. The ex-dividend date is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is presently 263.92%.

Hedge Funds Weigh In On FS KKR Capital

Several large investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in FS KKR Capital during the second quarter valued at $26,000. Beacon Capital Management Inc. purchased a new stake in shares of FS KKR Capital during the 2nd quarter worth about $26,000. Flaharty Asset Management LLC purchased a new stake in shares of FS KKR Capital during the 1st quarter worth about $29,000. Eastern Bank grew its position in shares of FS KKR Capital by 355.6% during the 3rd quarter. Eastern Bank now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 1,561 shares during the period. Finally, Trust Co. of Vermont increased its stake in shares of FS KKR Capital by 51.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after purchasing an additional 515 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FSK shares. Keefe, Bruyette & Woods dropped their target price on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday. Royal Bank Of Canada decreased their price objective on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 26th. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Wells Fargo & Company raised shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price for the company in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat, FS KKR Capital presently has an average rating of “Hold” and an average target price of $17.67.

FS KKR Capital Company Profile

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.