FS KKR Capital (NYSE:FSK) Hits New 1-Year High – What’s Next?

FS KKR Capital Corp. (NYSE:FSK) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.48 and last traded at $22.34, with a volume of 1011180 shares trading hands. The stock had previously closed at $22.47.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FSK shares. Royal Bank of Canada raised their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and a consensus target price of $20.25.

FS KKR Capital Stock Up 0.6 %

The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business has a 50 day moving average price of $21.71 and a 200 day moving average price of $20.65. The firm has a market capitalization of $6.34 billion, a P/E ratio of 12.05 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping 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 period in the previous year, the company posted $0.80 earnings per share. On average, analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

Insider Activity at FS KKR Capital

In other news, insider Brian Gerson purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the purchase, the insider now directly owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. The trade was a 49.46 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 11,500 shares of company stock worth $248,910 over the last three months. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSK. McIlrath & Eck LLC boosted its holdings in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the fourth quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after purchasing an additional 3,744 shares in the last quarter. Finally, Financial Life Planners acquired a new stake in FS KKR Capital during the fourth quarter valued at approximately $206,000. 36.26% of the stock is currently owned by institutional investors.

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.