FS KKR Capital (NYSE:FSK) Sets New 1-Year High – Still a Buy?

FS KKR Capital Corp. (NYSE:FSK) hit a new 52-week high during trading on Wednesday . The stock traded as high as $21.25 and last traded at $21.22, with a volume of 552007 shares trading hands. The stock had previously closed at $21.01.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FSK shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company reduced their price objective on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.94.

FS KKR Capital Stock Performance

The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $19.98. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 11.29 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter in the prior year, the firm posted $0.80 EPS. As a group, sell-side analysts forecast that FS KKR Capital Corp. will post 2.88 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This represents a yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is 136.17%.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently modified their holdings of FSK. Summit Securities Group LLC bought a new position in FS KKR Capital in the 2nd quarter valued at $30,000. Ridgewood Investments LLC bought a new position in FS KKR Capital in the 2nd quarter valued at $37,000. Rothschild Investment LLC bought a new position in FS KKR Capital in the 2nd quarter valued at $39,000. Financial Gravity Asset Management Inc. raised its position in FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC bought a new position in FS KKR Capital in the 2nd quarter valued at $50,000. Institutional investors own 36.26% of the company’s stock.

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.